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
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
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
액티브 트레이드:
So its started
액티브 트레이드:
Failed To Breach the resistance bears are not out of the game yet.
액티브 트레이드:
Testing of support before further fall
액티브 트레이드:
similarity ?
액티브 트레이드:
Looks like a rising wedge
액티브 트레이드:
6200 Here we come
액티브 트레이드:
Expecting A bounce to $6500 before the further fall expecting 5-3-5 Correction
액티브 트레이드:
Target 1 reached stay tuned for update
코멘트:
Expecting a Nice bounce from here Lets see how it goes i hope u guys are out
액티브 트레이드:
Going just as planned
액티브 트레이드:
액티브 트레이드:
Just as expected bear flag complete expecting sideways moment before the further fall
