For the moment, BITCOIN is keeping a constant volume around 5.4b$, the "Falling Wedge" pattern still seems to be the more adapted to the current chart.
RSI oscillator moving inside the "safe" zone, nor oversold neither overbought conditions are in play.
As you can see in the chart, an "A-B-C" correction is still on going, last leg, "C" seems to be composed by 5 sub-waves from which the 5th is just in formation. This Five waves are disposed in a Falling Wedge Pattern which, as soon as BTC reaches the vertex , the likelihood of having an upwards movement increases.
In my opinion, we should see another last low reaching 3304 USD. At that point BTC price has to grow.
Let's Cross fingers
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Published by Toofasteddie
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I don't dare to say "how boring" since the last time I said it.... btc went to the crap of 6k to 3k ... shit ... I've said it again!
I like your forecast although I think we will continue for a long time in flat mode
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I dare to tell you that you may be right
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@toofasteddie, a nice analysis. Let's what will happen. I am still a bit more bearish on the Bitcoin than bullish in the next few weeks/ months.
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Very likely, yes
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