BTC May Be Done Going Down
Ticker: 
BTCUSD
Timeframe: 15min/2 weeks
1- RSI is overbought more so than most the time in the past two weeks and looks to be ticking down.
2- MACD is higher than it's been the majority of the past two weeks.
3- If the elliot wave analysis is correct BTC is ready to move from a wave 3 to a wave 4 in time with the MACD and RSI cool off.
4- If the elliot wave analysis is correct the only thing I can compare to is the last wave (5), and it's wave 3 to 4 retracement to the .382 level.
6- Finally, using the last wave as reference wave 5 only just got out of the wave 3 territory leaving wave 5 to end up at around $9200.
Short Term: Slightly Bearish
Mid Term: Neutral/Impatient Bull
Long Term: Bullish
Market Sentiment: Impatiently Bullish
BTCUSDTimeframe: 15min/2 weeks
1- RSI is overbought more so than most the time in the past two weeks and looks to be ticking down.
2- MACD is higher than it's been the majority of the past two weeks.
3- If the elliot wave analysis is correct BTC is ready to move from a wave 3 to a wave 4 in time with the MACD and RSI cool off.
4- If the elliot wave analysis is correct the only thing I can compare to is the last wave (5), and it's wave 3 to 4 retracement to the .382 level.
6- Finally, using the last wave as reference wave 5 only just got out of the wave 3 territory leaving wave 5 to end up at around $9200.
Short Term: Slightly Bearish
Mid Term: Neutral/Impatient Bull
Long Term: Bullish
Market Sentiment: Impatiently Bullish
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.