Rising wedge and Bearish Divergence. Prepare for correction

5 thg 5, 2018

We can expect an ABC correction down to 8800 USD for BTC. Bearish divergence on 4hr chart shows that correction is incoming.
This chart shows the Elliot Wave analysis:
First Elliot wave of BTC uptrend has almost been completed.

6 thg 5, 2018

Ghi chú

Detailed analysis of ABC correction

7 thg 5, 2018

Ghi chú

Downtrend still valid and in line with ABC correction. Currently in B correction up to 9.5k. After that we can expect another drop in 5 waves down to 8.8k.

No predictions here - only possibilities

7 thg 5, 2018

Ghi chú

Price Volume per Price Range is very strong at current level.
Bitcoin on 4Hr chart looks oversold. May be a good position for a partial long position now.

8 thg 5, 2018

Ghi chú

Looks like the Bears are still in the game. Downtrend is continuing and btc is still oversold on the 4hr chart.