Potential for BTC to show its true bull colors in the coming week ... holding .5 area near previous 4 support is extremely ideal for bulls , however trend has not shifted yet ... count is invalid once the 6620 low is broken ...
BTC looking for intermediate pull back , rsi cross ma but still above 60 .. macd hasn't crossed .
Watching for BTC to reclaim support in this area .. invalidation for count at 6477 , and the level to gain for trend reversal is 7933.
BTC has come to a perfect area to be seen as a short term top , being both a significant level of support that was lost back in early 2018 , as well as showing perfect fib targets .. We are seeing clear symmetry of the length of the 1 and 5 Red waves , both being .618 length of the major 3 Red wave .. as well as the 5 target finding resistance based on a...
BTC has reached a high probability zone for reversal and continuation downwards , if this ends up being the more bearish count I presented in my last idea .. We have nearly achieved the .5 Fib retracement of the proposed Wave 3 , as well as reaching a 1.618 extension of the proposed wave A .. Along with this , BTC failed to break and hold above the large downtrend...
Long term triangle consolidation , leading to bullish impulsive breakout ..
I have been short on BTC for quite a while now .. however the chart is looking like it has the possibility of a BTC bottom .. it has come to my initial target box from my very first publishing of BTC charts .. it has bounced perfectly off the minimum .618 projection C , and is showing impulsive behavior .. I will be watching a close eye on the dotted fibs .....
BTC has been playing out as projected , and I am expecting big moves coming soon .. Shorting here as possible last opportunity before continuation of the bearish trend .. TP1: 5465 - 5550 TP2: 4820 - 4950
BTCUSD has been creating a massive descending wedge pattern during this correction .. Short the tops until it breaks out of wedge .. Target : 4900-5100 ..