Nice Sunday.
Today, I developed another view with more data,
at daily Index time frame .
Bitcoins actually ranging between 2 Fib rings,
very important for next trend decision.
I am mentioning this territories about month and maybe
result is very near. RSI and MACD are in conflict,
while altcoins start follow BTC upside move.
This usually happened at the end of waves,
as we are in from of 4th.
We can confirm, RSI is historically overbought,
and MACD runs also into symetrical triange resistance,
made by All time high.
Would this trigger start of 5th wave around February,
or this is different from 2008 stock market crash ?
Very good question that nobody can answer.
So I will monitor what will happen in a next weeks.
Always with care and ready,
Emvo.
*This is not any financial advice.
Today, I developed another view with more data,
at daily Index time frame .
Bitcoins actually ranging between 2 Fib rings,
very important for next trend decision.
I am mentioning this territories about month and maybe
result is very near. RSI and MACD are in conflict,
while altcoins start follow BTC upside move.
This usually happened at the end of waves,
as we are in from of 4th.
We can confirm, RSI is historically overbought,
and MACD runs also into symetrical triange resistance,
made by All time high.
Would this trigger start of 5th wave around February,
or this is different from 2008 stock market crash ?
Very good question that nobody can answer.
So I will monitor what will happen in a next weeks.
Always with care and ready,
Emvo.
*This is not any financial advice.
