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