Pantone
First impulse wave. We broke old bearish trend line BTC now retracting to area of 0,5 Fib extension and 0,61 Most likely to hit between 8960 and 8700 area. Stop area would be 8440 and target would be extension 1:1 ( 11800 and 11200)
Price in resistance. If price cant close above it, if could triger stop sell
Long opportunity Take profit with potencial reward 5 to 1
AE is on the way for the wave 3, it has already retraced 0,5. Based with Fibonacci, it should reach around 0,5 and 0,618
Based on previous weekly history, we are still inside a wave going to a new ATH. Based on previous growth, it would be plausible to hit 8200-ish before the fork . After that there are too many unknown variables (hard fork, CME, FOMO). But in my opinion it would be possible to enter a correction wave first of 30-35%(maybe before the fork) and follow to meet the...
Based on TA analysis, DMI confirmed price reversal going up and MACD also confirms uptrend. Positions can be opened above the cloud.
As we can see in 4 hr chart, price has broken fibonacci 0.23. We have confirmation of reversal price with MACD and DMI. Price should go down until 4116 and its very possible to go down to resistance at 4000. Its possible to rebuy at this two levels for long term investment
Based on Fibonacci price may rebounce until 3511. RSI still shows there is margin to go down. Also MACD signal shows is bearish market