BTC is in an ascending triangle pattern, with the 4H MA200 acting as the sell line and the previous ATH (around 19.7) acting as the support buy line.
Decision time soon one of those lines will break.
I believe it will break down to begin the wave 5 bottom, lower than 17.6 (4-6 weeks)
Good Luck
Decision time soon one of those lines will break.
I believe it will break down to begin the wave 5 bottom, lower than 17.6 (4-6 weeks)
Good Luck
Commentaire:
*Descending Triangle
Commentaire:
Last line of support, before the big dump. I personally am looking lower than 17.6 but higher than 14.4 (15000 is my rounded target of the bottom)
Last line of support, before the big dump. I personally am looking lower than 17.6 but higher than 14.4 (15000 is my rounded target of the bottom)
Commentaire:
4H 50 RSI is a BTC selling point for days.
Also notice the 4H Mid BB. BTC has not held above it.
IF BTC breaks above MBB then it should push BTC to test 4H MA50.
4H 50 RSI is a BTC selling point for days.
Also notice the 4H Mid BB. BTC has not held above it.
IF BTC breaks above MBB then it should push BTC to test 4H MA50.
Commentaire:
IF BTC cannot close 4H above MBB soon and advance above 50 RSI, there will be a flush down to the Lower BB currently around $18,500.