My previous analysis had wave counts/ fibo levels that were not best aligned. I've updated it here.
Please use this as a reference. Important thing is looking for key reversal signals at these key price levels (supports and resistances)
My favorite reversal signals are indicator divergences (RSI/MACD + many others) or volume picking up with strong buy movement.
This is just for educational purposes not a trading advice.
Comment if you have any questions.
Please use this as a reference. Important thing is looking for key reversal signals at these key price levels (supports and resistances)
My favorite reversal signals are indicator divergences (RSI/MACD + many others) or volume picking up with strong buy movement.
This is just for educational purposes not a trading advice.
Comment if you have any questions.
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This was my previous analysis - although the fibo levels were drawn wrong, the price action levels held and the general trends were spot on ( bitcoin following my grey arrow scenario and continuing with the red arrow scenario...)
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Heres my initial BTC calling the fall before it happened
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breakout happened. The bull market might be back. Watching carefully...
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Following the grey arrow testing 2nd major resistance.
Expecting some pull back here then upwards we go
Expecting some pull back here then upwards we go