The Elliott's 5th-Wave seems to be done. So upward ABC Correnction could beg5th C already finished 5th-Elliott Wave and upward ABC-Correction could start. A-Wave could lead us to $4500 - $4600, corrective B-Wave to $4200 - $4100 and the last one impuls C-Wave could mark $5000.
Bullish Divergence + RSI-Stoch show to us that new trend is coming.
Bullish Divergence + RSI-Stoch show to us that new trend is coming.
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Idea is invalidated if the price drop below $3800. If this happend than new opportunity will come between $3500 - $3200.
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MA8/21 bullishg cross on 1H chart:
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Hello Guys,
BTC still has a good chance to touch $5000 mark. BTC is performing ABC-Correction and currently is finishing corrective B-Wave.
On 1D chart, BTC is moving above MA8. Stoch/RSI indicators have good shape too.
To be this idea valid, BTC has to successfully breakthrough $4500 resistance.
Support lies at $4100.
BTC still has a good chance to touch $5000 mark. BTC is performing ABC-Correction and currently is finishing corrective B-Wave.
On 1D chart, BTC is moving above MA8. Stoch/RSI indicators have good shape too.
To be this idea valid, BTC has to successfully breakthrough $4500 resistance.
Support lies at $4100.
