If $BTC holds its self right now, can we see a breakthrough north for $CELR... Just realized that there are a bunch of key dates at end of the month for $CELR too.
In consideration to my earlier 2 year trendline resistance mark that has played out to date, it looks like $BTC is coming to end here and will be falling.
-- MACD already bearish
-- RSI about to test and most likely fail soon
Just played out the first wave sequence up out of the wedge near perfectly. Here is a thread at Twitter:
twitter.com
May see a retracement to golden fib area for 3rd wave up?
After my initial rejection call idea (charted a couple weeks before actual rejection) but recently just started publishing ideas. I feel this is the next play...
Find Support and Go Sideways between .386 and .5 Fib Retracement level (6100-6800) -- ALT SEASON? -- then eventually fall to Golden Pocket (5200-5400) for ultimate $BTC bounce?
After initial breakout north, next candle has not confirmed outside and above. Could see this coming back down within the downward channel here. If so, this could risk a touch of the lower channel line, creating a significant drop.
Watching how the RSI plays here... Could breakdown below inclined treadline and we fall below. Otherwise, it rides back up and continues from here.
Considering $BTC ... I'm leaning south at this point.
Looking from April of 2017, I took the low point and connected to angle to the July low point. This placed a direction that later showed reaction from Bitcoin in Sept/Oct 2018 creating a potential trend line that could impact future price levels. Those levels have come back into play here in May of this year.
Too early to confirm just yet; nevertheless, initial...
I'd like to see rejection at the trendline and bring that down into the range I have marked for the Golden Pocket. Could even wick to the 99 EMA just below it.
Re-fuel and take off...
