sirnicolaz

sirnicolaz

BTC is a fractal. You can see it behaving the same way in all timeframes: after a big move, it follows a consolidation pattern, either pennant-shaped or triangular. Looking at the monthly perspective, BTC still needs to consolidate from the 2017 bubble. Difficult to say yet which path it will be taken: - triangle consolidation: it would repeat the consolidation...

sirnicolaz

Since the previous major correction back at the 3rd of December, BTC seems to have hit all the pivots of the XABCD pattern. If it reverser the current minor trend that brought from B to C, BTC might correct back to around 12k USD (D), to then start its journey to the moon (again).

sirnicolaz

Multiple indicators show a potential for a reversal or at least a retracement: - a rally started around February 2016, that broke resistance in December to continue with a bump (see the slope of the purple lines). This could be a typical "Bump and run" pattern - second top of a double top forming now, could confirm the reversal - Stochastic RSI 20 days moving...

sirnicolaz

Fibonacci and Ichimoku are highlighting a possible support level at around $3373. It's not unlikely that the price will get there, given: - multiple indicators are signaling a downtrend (MACD, 20 SMA of the StochRSI ...) - rumours about china bans may manifest into actual news that could lead to big FUD again At the point one can start looking for a reversal....

sirnicolaz

After hitting the Ichimoku base line support then the Fib retracement .7, will go back to the lower support then up