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Likely to get filled. Despite we are so close to new all time high, I am not recommending buying right now. My EW count was wrong in my previous analysis, I was assuming, that the 5-wave cycle is completed, but we got another wave to the upside, but this should really be the last one.
We have decent bearish divergence on RSI, which often indicates end of the cycle. Bitcoin is following the Fibonacci levels to the degree that we can expect a pullback to previous levels as well as the upward move to the the next level.
Bitcoin very likely finished 5-wave move to the upside, now we should continue down into that grey support zone, we should bounce up from that zone and then continue higher. At this point just watching for some negative divergence or an event to push this down to a retracement level.
Pennant about to break! It is highly probable we will see the last 5 wave correction as C of ABC. If so it may be equal to 1 year length in terms of timing. You heard that right folks, this isn't no ordinary Bitcoin Bull Run, there's something coming between you and your bullish outlooks and I'm not hear to tell you exactly what that is, but I am here to help guide you through this experience of Bitcoin Trading. My analysis goes beyond technical analysis and comes from beyond what the eye can see.
Beaming you the This should drop after being forced to break through runup trend by heavy overhead resistance. Should land around k range, lotta other crypto traders here thinkin the same. I exited all of my position over a week around 19k average and just waiting for the next trend confirm to jump back in.
Will long if we do end up getting a clear break over 20k but seems How do you think? Access real-time data, charts, analytics and news from anywhere at anytime. Explore historical market data straight from the source to help refine your trading strategies.
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