Rising wedge and Bearish Divergence. Prepare for correction

5 พ.ค. 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 พ.ค. 2018

บันทึก

Detailed analysis of ABC correction

7 พ.ค. 2018

บันทึก

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 พ.ค. 2018

บันทึก

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 พ.ค. 2018

บันทึก

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