On Weekly Basis:
BTCUSD (BITCOIN) just completed its 5th wave downward and also Corrective C Impulsive wave. It should hold the support of 19000 level which was all time high of December'2017. It also made a low of 17500 due to high volatility. Weekly RSI at 25 is extremely low level with lots of pessimism. Such deep oversold RSI on weekly basis is generally the...
So mine last prediction was wrong (you can correct me by analyzing it).
You can clearly see that past two breakout took almost 1month to down and we have to wait to see where BTC will go further down or up, It could be see in next 15/17 days(OR BTC "might be" go down in somedays because of inflows).
DISCLAIMER:
I'm still leaning/beginner, So if you go and...
It should go something like this and what do you think guys about chart i have made?
Disclaimer: I'm not finencial adviser and yes I'm beginner so take it too serious.
Here is monthly chart of FTX:SOLUSD . It shows clear 5 wave impulse followed by ABC correction that is still not complete. Once we get a positive monthly close then we can expect the next 5 waves impulse on the upside that the size of it should be at least same as the upmove of previous 5 impulse waves (1-2-3-4-5).
It's a wait and watch game from long term...
Bitcoin is forming bottom, we still have to see more fall towards 16.9 - 18.1 k, that's where bottom resides.
Why I say so? there are 2 reasons for it
1- Tech analysis (covering in this chart) showing we have to go down to re-affirm the W pattern in H4 and double bottom . We are still under -DI which needs to be neutralized.
2- Fundamentally and historically...
For the past week, Bitcoin is attempting to create sustainability above the psychological crucial mark of $20K. Additionally, after a positive crossover of MA-7 against MA-20, we haven’t witnessed any sharp downfall on the chart.
However, the price level still remains below MA-50 which suggests that there is still a bearish sentiment in the overall market...
Hello Friends,
Here is Bitcoin Trade set up as per Harmonic Crab Pattern level, Buy Bitcoin above 30821 with sl of 24821 for TGT 34097 AND 39491. #btcusd
Happy Trading.
