qedbeech

Bitcoin USD idea - an update to my previous analysis

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BITFINEX:BTCUSD   Bitcoin
My previous analysis had wave counts/ fibo levels that were not best aligned. I've updated it here.

Please use this as a reference. Important thing is looking for key reversal signals at these key price levels (supports and resistances)

My favorite reversal signals are indicator divergences (RSI/MACD + many others) or volume picking up with strong buy movement.

This is just for educational purposes not a trading advice.

Comment if you have any questions.
Komen:
This was my previous analysis - although the fibo levels were drawn wrong, the price action levels held and the general trends were spot on ( bitcoin following my grey arrow scenario and continuing with the red arrow scenario...)


Komen:
Heres my initial BTC calling the fall before it happened

Komen:
breakout happened. The bull market might be back. Watching carefully...
Komen:
Following the grey arrow testing 2nd major resistance.

Expecting some pull back here then upwards we go
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