Very easy setup with BTC today, with 3 strikes of bear divergence in progress in curve with adx turning flat next we should see a test to the ema 50 in 4 hour chart and potential break, the range is very small I am looking for the trigger for the next big move in daily chart and this looks like it could be it.
Two powerful green candles in daily chart all in, right? Be careful, there is a major move coming in weekly chart. BTC right now is forming another strike of bear divergence in OBV, the pivot is the 20700$ area. If BTC continues stalling here you will see sell signal in Coppock Curve and that combined with a bear divergence in OBV will be the trigger for the...
The weekly BTC chart is becoming clearer with what is coming next. With volatility contracted this shows a major move is coming, this week we have the signal with BTC getting rejected from the key 21500 area, next week is the confirmation. So long as BTC is closing candles below the SMA 14 the direction for this move is to the downside.
The targets for this move...
BTC has been in an ascending channel ( bear flag ) for 1 month bouncing from top to bottom, top to bottom etc. Time to see upside is almost over, BTC just printed a bearish divergence in OBV in the last move up as well as there is a sell signal in Coppock Curve.
Honestly I don't think we will see new lows based on weekly chart but at least a test to 20800$ with...
BTC has a bearish divergence in OBV between the 2017 bull run and now. If we see BTC breaking down to around 13-14K then using Elliott Waves I think we are seeing a macro ABC correction following a wave 5 with a top at 69K. The drop to 14k region would correspond with the 87 Month SMA, this would be wave A, BTC could end up range bound between the 87 Month SMA and...
