just posted about bullish divergence in MONEY FLOW INDEX just noticed falling wedge also
we are on the verge of hell a drop below 7000$ would surely bring a drop below the 6k level as its been tested 2 times already and the highs are getting lower, there is a bullish divergence in the money flow index which takes volume and price into consideration.
depending on if btc falls further its either forming a symentrical triangle or a descending triangle.. if it ends up being a descending triangle all possibilities are on table 3k? 5k? 4k?
market will not reset into uptrend until original trendline catches up with the price of bitcoin
divergences on eth/btc showing buyers are running out of gas
divergence with the rsi, although retracement too .618 fibonacci looks very possible
.618 retracement should hold as bottom with mainnet around the corner, target A is $1080 target B is $1219
if 50% retracement holds, long target is $11300 (138%) medium target $10000 (previous high) short target $9185 (23% zone)