Trend is strong but awareness is needed (Hourly chart) BTC-XBT
As you can see we have been putting some nice waves in on the 1 hour with a strong trend since the sub $7000 levels & this is expected to continue
however it is important to be aware of both options especially after a strong rally.
Bullish scenario -
1. We start impulse to 11k and meet Resistance
2. oversold macd
3. 1 2 3 4 5 impulse wave
Bearish scenario -
1. We have support failure & head for $8000
2. Bearish divergence & double top
3. expanded flat (b wave exceeds a wave)
Watching out & make plans for for both!
Stay profitable out there!
Dalinhood
however it is important to be aware of both options especially after a strong rally.
Bullish scenario -
1. We start impulse to 11k and meet Resistance
2. oversold macd
3. 1 2 3 4 5 impulse wave
Bearish scenario -
1. We have support failure & head for $8000
2. Bearish divergence & double top
3. expanded flat (b wave exceeds a wave)
Watching out & make plans for for both!
Stay profitable out there!
Dalinhood
Comment:
update
Comment:
update! (click this chart and press play) expecting a bottom to be found soon .
