Looks like trading within this channel should provide some trading opportunities. Long term i am bullish.
bitcoin monthly tech parameters bullish
Breaking out top of triangle MACD rising RSI rising with plenty of room for up side volume increasing
onr hour chart with symetric triangle and cup and handle.
Most important are: Bullish divergence macd and stoch rsi Increasing short interest with price holding up= short squeze. reaching end of triangle correlates with fib time confluence
weekly chart price down, MACD up= bullish divergence.
note the discordance between the MACD and the price, bullish sign.
i read stoch rsi better than rsi for divergence. is this bullish signal ? please comment. 6hr chart.
One hour chart RSI Oversold Stoch. at bottom MACD turning Bullish flag This is end wave 4, will not violate elliot wave theory (will not drop below 623)
This is the wave count i believe most agree on? If yes then we will not violate elliot wave rule, wave 4 can not go lower than wave 1. Disappointed we did not see 1000 sats yet but i am still bullish.
Savenido any advice here? Anyone agree that wave 2 ending, ready for wave 3, or is it all doom and gloom?
I believe we hit bottom Time to buy. Tall red volume candles are the week hands shaken out. Next sell 1330- 1380
daily chart 690-700 is the 50% fib retracement from high, it also looks like 100 ema and price going to meet soon around 700. i believe we bounce off ema 100 then up and 1300s just prior to independence day. Take profit 1300s and rebuy around 1010.
Bear Flag method, (measure flag pole), ends at 680s ABC correction method, a=c, ends at 680s 680s 50% fib of large yearly cycle 20 ema crossing 200 ema in bearish fashion 50ema crossing 100 ema in bearish fashion. My personal plan sell all and stack my buys starting at 750 to 690.