Rising wedge and Bearish Divergence. Prepare for correction

2018年5月5日

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.

2018年5月6日

ノート

Detailed analysis of ABC correction

2018年5月7日

ノート

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

2018年5月7日

ノート

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.

2018年5月8日

ノート

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