all the clues are in the chart
Commentaire:
Bullish divergence on 1d stoch rsi:
Commentaire:
It looks like that 1d candle had the most volume since the bubble over a year ago.
Commentaire:
Also, another bullish div on the 1d stoch rsi:
Commentaire:
Look at the bollinger band width, it's also very tight on the ltc/cny 1d chart, also I have updated the EW count, this looks more accurate although EW is not my expertise:
Commentaire:
I'm thinking we get something like this over the next week or two:
Commentaire:
Since we broke a bit further down I had to rethink the count. It seems like all of that could have been a divergent abcde triangle for wave 4, and we have just completed wave 5 considering the bullish divergence forming:
Volume:huge selling climax at the left shoulder then volume dies down until finally it picks up when the price goes back up to the neckline for the first time. Then again volume dies down, and if you compare the volume in forming the head compared to the first climax, it is MUCH lower. Then as the price approaches the neckline for a second time we get the most volume since the first selling climax. Then volume dies down again as we come down for the right shoulder. And then on the next green candle it finally comes back trumping the volume on the way down.
BBands: since wave 1 down took us below the middle bb line and came back up to make it resistance, we spent a LONG time underneath. Eventually we came back up to test it and failed for the first neckline test (and wave a). Then finally on the second neckline attack we broke through this major resistance, and now we have come back down to test it and (I expect) make it support.