Potential for BTC to from a falling wedge if these trendlines are respected, the bottom of which will coincide with around $4,800 and $5,200 which is also a key support level, this could provide potential for a nice bounce, but i do not believe this will take us back into all time high territory, we would need to see some consolidation first.
Potential bounce form this level due to reasons noted on chart, long term i still expect price to break down from here. bars on fib leves mark exit levels.
What appeared to be an ascending triangle has formed itself into a bearish flag, which I expect to break to the downside, the next buyback level would be 0.00048 Satoshis. A confluent zone where the fib retracement matches with a support level.
As A trader we have to be open to both Bull And Bear Scenarios. Based on New data that has come in I have changed my View On ICX, We see an Ascending wedge forming, which is a bearish pattern.I expect this to break to the downside where one of the 3 fib levels I have highlighted In green will be tested These FIb levels are also confluent with support and...
On the Hourly I see Wanchain forming an ascending triangle pattern, we have also retraced to the 0.618 gib level, the golden ration,combining this with the fact we have become oversold on the daily I believe we could see a breakout soon. using fibbonacci and support and resistance I have mapped out some sell areas where, if we see a breakout, the trend could...
I see this move from $2.10 to $2.70 as an impulsive wave 1. The red bars mark areas where wave 3 could end and begin a corrective wave 4, before finally having a final rally in wave 5, which I do not believe will be any higher than about $5.40.Let's ee how this plays out.
