WILL BTC FOLLOW THE SAME PATTERN IN FEB 2018 ???
Same pattern to be seen in Feb 2018 (5900$ - 11700$) vs
Apr 2018 (6400$ - xxxx$). If the rising wedge pattern follows
Feb 2018 then BTC may go upto around 8800$ before going down
Confirmations:
RSI is above 70 (Over bought) in 4hr timeframe
Stochastic is above 90 (Over bought) in 4hr timeframe
Fibonacci retracement is above 0.382
There is a possibility that BTC may go upto 9000$ if Apr 2018 BTC
respects the Fib 0.5 which is same as Feb 2018.
Apr 2018 (6400$ - xxxx$). If the rising wedge pattern follows
Feb 2018 then BTC may go upto around 8800$ before going down
Confirmations:
RSI is above 70 (Over bought) in 4hr timeframe
Stochastic is above 90 (Over bought) in 4hr timeframe
Fibonacci retracement is above 0.382
There is a possibility that BTC may go upto 9000$ if Apr 2018 BTC
respects the Fib 0.5 which is same as Feb 2018.
Now we go down to 8500 - 8600. If btc dont do any higher highs from here then we probably go down further to 8000 - 8100 area