1hr ichimoku cloud blocking our way up from the beginning. Won't go up until it breaks it
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Is the downtrend over? I dont think so. It can climb higher on this wave but be carefull as we got some history price actions that showing huge downside potential still
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Bitcoin found support and probably will try to test 7500-8000 levels
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Another fractal I found. 6600 is tough level which needs to be broken first in order to go up. tradingview.com/x/6bIgA2DO/. Break it and we go up. Reject it and we go down
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Bear Crab harmonic pattern spotted
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Move down to ~5k is now in development again
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Price action went sideways. We are in symetrical triangle right now. It needs to resolve first and break daily EMA30 (to go up).
This upside correction took longer than I thought and right now with this triangle building thing so we have to wait for it to resolve to be sure.
Short term I would say we are going back down, still inside triangle. Don't think EMA30 daily will break here right now
@odbash, My update is above. Break 6600 and we should go to 7500-8000 for a 5th elliot wave. Short term the trend is bullish but would be nice to see some more confirmation signals. If they break that green ema I would go long
DeadSerious
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@odbash, to confirm the move up needs to break this resistance
@odbash, Not in a straight move down. We're moving in waves. Now we're in correction of the latest downwave so we're moving up short term
DeadSerious
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@odbash, Either drop from here or little higher. If they break upper red trendline this TA will be https://invalidatedhttps://www.tradingview.com/x/3BRWnemm/