If it is making Expending Leading Diagonal then it has reject by 7000-7100 to complete its E wave because me personally believe that it has one more leg down for completion of its E wave of Expending Diagonal pattern. then No One can sure about it is corrective A wave or 1st wave of Impulsive downward but due to fundamental support we can only assume this will...
As Shown in Picture Possible Scenario and Invalidation point as stop Loss
BTC is making Expending diagonal if it respect trend line support. Most probability that we should bounce for E wave because everybody think Wedge break but I've not seen any sign of volume in breakout of trend. so my personal bias is short term bullish lead to 8k because some fundamental support are present about Upcoming Halving News and we can expect big dump...
BTC is making Rising Wedge and it is going to Touch D wave or X wave for Next E or Z wave.I'm expecting one more leg up.
BTC is making correction of 4th wave we can expect one more leg Up of 5th wave before 6.6k to 6.8k, Invalidation of pattern is given in chart use it as stop loss.
Its Well known Distribution scheme in charting and technical analysis.I'm watching it and next possible move is downward after pullback 6.4k to 6.5.
Bullish Count of Wave , Break of this channel lead to new Low
BTC is looking Bullish in Short Term it is going to complete its C wave after good accumulation near resistance and 4hr 200 MA has good resistance. which is not easy to break. Close below this after touch MA and Candle become Bearish this will be reversal signal.
BTC Analysis Short Term it is going to complete its ABC wave of 5th wave in Diagonal then it will go for Correction for Next Wave Up.
BTC is in correction after Dump now BTC is in way of D wave of Bearish rising Rectangle it is about to complete C wave of D wave. Next Stop looking 5100-5400 and then it will start its E wave toward 7.2k then we will see another drop toward new low.but if it break 5.1k then we will see farther drop.
BTC is taking correction after complete its 3rd wave and its correction of 4th wave , it already has completed A wave of correction and it is on way of B wave of correction and B wave is completing in 5 waves pattern (abcde). after this it will dump for C wave which will lead him toward Below 7k. It's my thinking based on my learning.
Below Trend Line will be Invalidation Level Join Us On Telegram: t.me/tradingheights
Try to Explain detail analysis in Chart, You can take your decision according to instruction. Share your thoughts in comments
BTC after 3rd wave in daily now ABC correction in Daily candles after complete A wave now in way of complete B wave and if we look in 4 hr candles this correction is going in way of symmetric triangle this will be restest of symmetric triangle trend line ,after complete ABCDE patteren it will go for next way of C wave of Daily Candle which may be go 4.2k to 4.4k...
#TRX Analysis is showing such a simple story #EMA Strong Resistance #Volume not Came #W shape bottom due to this rest in down trending #RSI showing Hidden Bearish Divergence #MACD also showing Hidden Bearish Divergence #Result: You can Short TRX with High Stop Loss on case Rejection of Divergence. #Note: Simple Chart and Best understanding for Learners
#TechnicalAnalysis: #BTC is holding 200 MA if it break this then Trend and Fibo. support will be at 6.8-7k RSI: RSI told it is near it's bouncing area of history, it should bonce from here because 8k is strong support and RSI is near to it's bonucing zone if RSI Break down this support then this can cause major crash of BTC and BTC will be break it's bullish...
Technical Analysis:- RSI: RSI showing Bull Div. which is reversal sign in midterm not in Long Term MACD: MACD Histogram also showing Bull Div. which is reversal sign in Mid Term Volume: Volume is Not Yet Spiked, whales have not enter which will bring down after little bit up Because No Proper Reversal has been seen in any indicator in long run even Weekly and...
Ada is one of currency which follow strong fibo retrenchments as shown in picture it's history. Some Basic points you will see that RSI Div: RSI shows strong bull div. which is reversal signal Volume: Volume is low that why there may be some fall of price to 0.7 fib level and then it will rise because of some Fundamental support Next Month It's Road Map update is...