Hello, today we can see that $BTC has formed a "W" Pattern. This scenario is valid because :
-it didn't retrace more than 50% of Fibonnaci
- The 2nd low isn't lower or as low as the first one (didn't break the neck line or made a double bottom)
-We have a divergeance on the RSI
This scenario will be valid when it will break the highest point of the last rise. The probabilities of going up are 80% (AB=CD Pattern)
This scenario will be invalidated if be break the neck line
-it didn't retrace more than 50% of Fibonnaci
- The 2nd low isn't lower or as low as the first one (didn't break the neck line or made a double bottom)
-We have a divergeance on the RSI
This scenario will be valid when it will break the highest point of the last rise. The probabilities of going up are 80% (AB=CD Pattern)
This scenario will be invalidated if be break the neck line
Commentaire:
Still Valid