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im_sng
3 juil. 2018 02:32

BTCUSDT Morning Update  

Bitcoin / TetherUSBinance

Description

Technical Analysis

Hey Guys! Whats up now lets talk about bitcoin pretty bullish in this week. And forming a beautiful upward pointing triangle(Bearish Pattern). Elliot wave perspective it was under 3-3-5 Correction. It's a flat type of correction in which the two waves are ABC(Impulse Wave Blue), ABC(Correction Red) followed by ABCDE(Impulse Waves Blue). Now lets talk about indicators first of all my favorite MACD we have a beautiful divergence in MACD Hourly charts
Also we have bearish divergence in the RSI another popular indicator. What I'm saying is we will break bearish out of this triangle and will correction down to $5100-$5300 region. Thank you guys for looking into don't forget to leave a like. I'll keep updating the idea in the threads so don't forget to follow me. Thank You

Indicators

1. MACD - Bearish Divergence in hourly charts
2. RSI - Bearish Signal

Conclusion

Bitcoin Forming a upward pointing triangle which is a bearish pattern may broke downward to test $5100-$5300 region.

Thank You For Your Support


Previous Analysis

Transaction en cours

So its started

Transaction en cours

Failed To Breach the resistance bears are not out of the game yet.

Transaction en cours

Testing of support before further fall

Transaction en cours

similarity ?

Transaction en cours

Looks like a rising wedge

Transaction en cours

6200 Here we come

Transaction en cours

Expecting A bounce to $6500 before the further fall expecting 5-3-5 Correction

Transaction en cours

Target 1 reached stay tuned for update

Commentaire

Expecting a Nice bounce from here Lets see how it goes i hope u guys are out

Transaction en cours

Going just as planned

Transaction en cours

Transaction en cours

Just as expected bear flag complete expecting sideways moment before the further fall
Commentaires
weslad
I shared different view, well done on your great work. Here is my view.

im_sng
@weslad, Thanks for the replay
jdjdhdj
Very good TA. Thanks to share.
Tretraworld
the trend has been broken
Tretraworld
a lot of people look at around 7300$ or even higher...
im_sng
@steven221, Yea if this got invalidate i have that in my mind too
Tretraworld
i saw ur last TA, yeah,it's very simila,but the head and shoulder has been formed, how about that?
CryptoManiac101
lol
im_sng
@CryptoManiac101, what happend bud?
CryptoManiac101
@im_sng, Crypto community is split 50/50 - some say correction is over, others say bottom has not been found yet. In reality there is not 1 person who knows for sure! lol
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