


If we dont see any major manipulation today, we are on the 4th wave as of this writing, I dont typically chart Poloniex for this as the volume is not to my liking for accuracy, but Poloniex has seen some massive interest in BCH.
Our weekly Tom Demark sequential count is almost at exhaustion, however BTC is a bullish animal by nature. I am seeing Bearish divergences on multiple indicators, below is the 4 hour MACD and RSI The 1 hour MACD and RSI Our Daily Tom Demark sequential count closes in 2 hours as of this writing, we have daily support levels at 7685 on...
It is important to look for significant support that might impede the falling momentum. Check if a critical support exists between the head and shoulders pattern and the target before trading. (In this trade we have two, roughly 7941 and 7895.)