as u see this is my first analysis on btc ( BTCUSD )then lets hope it comes true .
in past few days we have seen a hopeful move to upside in market after a long time under the big bear .
we almost see the same move in all the altcoins that are leading by BTC .
now lets see whats going on in leader chart .
as u can see in my chart we are forming a flag after bull move and we have ABCDE wave inside it (black ) also in middle -these are good sign of a continuation to upside ....but
but we have some mixed signals here there is a very obvious divergence in .also bear cross in (how ever gap isnt so big)
and most important we have a strong resistance around 360 ( blue line )
so if ur going to trade watch the breakout in our case and as i see both side have theyre own chance.
1 : we will see a pull back from the support around the red line to form our new divergent triangle ( in black lines)
2 : if we say the wave 5 just ended we should see a correction .a push back to top of our chanel ( in red dots ) that there is overlap with 50-61/8 of fibo ( green triangle )