While the rest of the coins easily recover recent losses, the bitcoin does not seem to want the same thing. (according to marketcoincap)
There are four clear waves and half of the 5th with a possibillity of a small retreat before finishing it.
The RSI is going in bullish mode, but Stochastic RSI is not looking that great (I think Stock RSI is the best momentum oscilator), it is in overbought zone with a clear cross for a twist, also in red trend color (we are in bearish for almost a year), and the lack of volume is questionable.
Next stop can be the next resistance, which coincide with the end of the 5th wave, at approx. $3.600+, but is not mandatory to be a straight line till there, it can retest the support zone again.
There are four clear waves and half of the 5th with a possibillity of a small retreat before finishing it.
The RSI is going in bullish mode, but Stochastic RSI is not looking that great (I think Stock RSI is the best momentum oscilator), it is in overbought zone with a clear cross for a twist, also in red trend color (we are in bearish for almost a year), and the lack of volume is questionable.
Next stop can be the next resistance, which coincide with the end of the 5th wave, at approx. $3.600+, but is not mandatory to be a straight line till there, it can retest the support zone again.
Trade closed: target reached:
Even better