Disclaimer: The content in chart is NOT investment advice. I’m NOT a financial adviser. These are only my own personal opinions, ideas, charts, technical analysis (TA), insights, news and price predictions. Always do your own research and only invest solely based on your own findings and personal judgement. Trading and/or investing in Bitcoin ( BTC ), Ethereum ...
This is an update to recent BTC analysis.
At 4-hour timeframe we can see that the price went out of the local descending channel via impulse growth waves. Subsequent corrective Elliott ABC movements brought the price at the upper edge of the channel.
If we take a closer look it can be seen that there are several positive signs:
1. Stoch RSI moves to Oversold ...
Everyone is scared Nd thinking about 3.2k target..I am bullish for short time.. support below current candle is very important ..I think we could go up from here...
My first chart published on trading view.. comment your thoughts
We might see a short term move if btc breaksout from the triangle to $4400/5000 zone but otherwise their is nothing to be bullish about, A retest of previous lows is on the cards.
use each is rise as a selling opportunity.
If you are smart then you can still make lot of money in the volatile market.