elliot 5. wave occurs now. and need to correctin that long way using ABC diagram. %50 fib level 7500 is strong support for new aths. Stoch RSI oversold cross seem.
After ATH from BTC, ABC correction occur on chart. 5k psicological barrier may be last support to going 10k. Trend is downside. if 5k broken 4400 level is big support.
Wave (4) can still offer a buying opportunity if you understand the potential ahead for wave (5).A such, Elliott Wave (4) is the correction before the final Wave (5) swing.
1h chart have bullish and bearsih divergences. u can see what bullish divergence is doing and u can guess btc price which way to go "bearish divergence" 5400 upkumo level is support for going 6 k way.
the divergence trade is not very accurate, as it fails more times than it succeeds. The higher high in the security is normal for an uptrend, but the lower high in the MACD shows less upside momentum. Even though upside momentum may be less, upside momentum is still outpacing downside momentum as long as the MACD is positive. Waning upward momentum can sometimes...
we are on fib %23.6 level. price moves a little high but it cant happen that limited buyers. $5k is expensive price. nobody wants to buy at this price when btc price on fib %50 level (4430$) i think time to buy new bitcoins.
when we see btc on "ath", it pull back fib 0.5 level. 2900 is our new ath's 0.5 fib level. 4800 psycological barrier. Tenkan-Sen line crosses below the Kijun-Sen line on 4h chard. it is considered a bearish signal. Btc hard fork wont be good for price.