CryptoSync

CryptoSync

BTC is getting rejected from 100 day MA. I would enter a trade if and only if the candle closes above the 100 day MA. It has happened thrice in last couple of weeks. Market is being manipulated big time. Staying cautious is the best and safest thing for now.

CryptoSync

There is a bearish divergence on the 30 min chart. If BTC breaks the support of $8440 the next support is $8205 And if it breaks $8250 then the next support is between $7850 to $7650. Lets see what BTC have for till tomorrow morning.

CryptoSync

Forming 1hr equilibrium. If bull break Target 1 : 8800 Target 2 : 9300 If bear break Target 1 : 7800 Target 2 : 7600

CryptoSync

If there are no impulse wave failures then these might be the scenario for BTC to play out. We are in wave 3 of 3. Which means we are due for a correction now i.e. wave 4 Wave 2 corrected to 0.786 fib levels. Hence wave 4 will only retrace till 0.382 or 0.5 fib levels. Which means the price might fall between $7500 to $7700. And then the final impulse wave 5...

CryptoSync

Bearish divergence on all major time frames. We will test he bottom($6500 - $6700) again before a new short bull run. One more reason which supports my above statement is the MACD which is close to the top white dotted line indicates that we need to go down close to the dotted line at the bottom on the MACD. The 4hr MACD is forming a symmetrical triangle since...

CryptoSync

Waves are quite clear and estimate targets can be derived. If there is no more FUD, then BTC might fall to $8500-$8550 range, to complete the C wave of correction. And then Wave 3 will initiate fireworks. All positives so far. Let see how it plays. Best of Luck guys. Regards, CryptoSync