Ok so we're facing a new crossroad with
BTCUSD
now.
From what I'm seeing here, we should have another attempt up completing our 5 waves structure,
Reaching the top of the tunnel (right chart) and around the could (left chart) or even to the revered 0.618 area at max (golden rectangle),
If that's not the case. I hope to see a truncated 5th wave to the white resistance line area (both charts).
Either way, We will probably see a bearish divergence on the RSI (not on the daily chart).
and down to the white support line again.
We can also see that our last major support \ bottom happened at the big 0.168 fib area
If that support doesn't hold, we'll easily see 5k or even 4k areas again in my opinion, continuing down with the big pitchfork channel.
Just to make things clear, I'm not saying we'll go up and Im not saying we'll go down.
we need to see how things turn out as we're getting closer to the apex point.
Good luck and happy new year for you all ♥
BTCUSD
now. From what I'm seeing here, we should have another attempt up completing our 5 waves structure,
Reaching the top of the tunnel (right chart) and around the could (left chart) or even to the revered 0.618 area at max (golden rectangle),
If that's not the case. I hope to see a truncated 5th wave to the white resistance line area (both charts).
Either way, We will probably see a bearish divergence on the RSI (not on the daily chart).
and down to the white support line again.
We can also see that our last major support \ bottom happened at the big 0.168 fib area
If that support doesn't hold, we'll easily see 5k or even 4k areas again in my opinion, continuing down with the big pitchfork channel.
Just to make things clear, I'm not saying we'll go up and Im not saying we'll go down.
we need to see how things turn out as we're getting closer to the apex point.
Good luck and happy new year for you all ♥
