Hello, Back to the old days of gap filling, if this actual support doesn't hold then we will need to fill (quick touch or consolidate in that area) that 20k gap in order to continue further IMO.
Hello, -We have a pennant forming in the 1H chart (which mean continuation of the previous trend prior to the pennant). -We have probably a HS forming in the 4H (which means revarsal). -And we need to test the 6k area in the weekly.
Hello, Everytime we came close to that support line in BTCUSD Short we had a big move on the down side, 1.9k soon ?!
Hello, 1. Descending wedge which generally break up. 2. We have a support area that's been holding for 10 months. 3. We got a divergence on both the MACD and the RSI. 4. Profit targets are on the chart. We can either go long now or wait for the breakout and entre when we retest the resistance of the wedge.
Hello, - The support is holding from septembre. - Big divergence on the RSI. - Mid term target is 2450-2550. - Remembre to take profit on the way up and buy back in pullbacks. Bye.
As long as BTC is in this descending channel, we'll see more bearish trend, breaking the upper line (resistance) of the channel will mean some bullish trend (4700k) but will not be a reversal.
Hello, Here's my previous elliot wave if you didn't see it which played like a charm. Now we are in the corrective wave, who will lead us to the 4.5k area in the short term. First resistance will be at 4.3K. Second resistance will be at 4.7k.
this descending triangle in BTC will lead us to 3.5k
retesting previous support for resistance then down