5 wave completion with a top I called exactly in a 2 possibility scenario in the update of my previous BTC/USD... Seems BTC is obeying some predifined limits.
The correction happening at this time is normal, but took away some gas and while volume is increasing, there seems to be a battle right now between bulls and bears. I think this correction will take a while, and an ABC correction to a 8100 usd level is very possible, on the other hand BTC is making slowly supports here in there, and if the bulls just slightly take the overhand, it will make BTC stronger. Of-course there's always a downside, as nowadays with high volume sell outs happen faster... Difficult moment at this time.
The correction happening at this time is normal, but took away some gas and while volume is increasing, there seems to be a battle right now between bulls and bears. I think this correction will take a while, and an ABC correction to a 8100 usd level is very possible, on the other hand BTC is making slowly supports here in there, and if the bulls just slightly take the overhand, it will make BTC stronger. Of-course there's always a downside, as nowadays with high volume sell outs happen faster... Difficult moment at this time.
Commentaire:
We need some action to get out of this down pointing triangle, but signals are rather bearish than bullish
Commentaire:
nice call I would say... only we cannot see the follow up.. but spot on :-)
Commentaire:
some Whale's gotta follow me :-)
Commentaire:
So it is indeed a triangle set-up, but a little lower then originally drawn, but in time accurate. There is though a bearish momentum and head and shoulders play out more easily. It probably will go up at the end of the pennant, but the 9500 usd resistance seems to be an issue.
I'll be posting a newer chart
I'll be posting a newer chart