BTC might have found support at the "bottoming" cyan trendline.
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Buy signal triggered on my Cyber Ensemble script.
Will wait for PRISM Signal to trigger as well perhaps, then relook at the chart and PRISM oscillators, before if a breakout higher is imminent or will price more likely break down lower infact.
Followup analysis from:
Will wait for PRISM Signal to trigger as well perhaps, then relook at the chart and PRISM oscillators, before if a breakout higher is imminent or will price more likely break down lower infact.
Followup analysis from:
Nota
As predicted in my earlier published prediction above,this corresponds to the 78.6% Fib retrace level.
Nota
Which is at 9500 USD as predicted in my prior analysis.Also this corresponds to the 61.8% PDF (pSAR Dynamic/Travelling Fib level) level.
Nota
Need to beware though, as IMO, there's still a chance for price to go down to 9k USD, and then even 8.6-8.5k USD to complete the retracement within the downward channel, before breaking out higher to above 10k again (see previous BTC analysis).Nota
However, more likely than now, BTC looks like its probably gonna revisit an upper resistance level again. Bullish only if it is able to overcome those resistance levels (as discussed in previous analysis).The PRISM Jerk oscillator is now already on an upward swing, pulling Acceleration higher, which would in turn pull Momentum higher.
Nota
Price dumped down, but momentum still looking bullish.The "Buy" signal prior to the dump from Cyber Ensemble can be taken as a divergent signal => Hence from historical behavior, there is a high likelyhood for BTC to bounce back up again, then to continue further down.
However if BTC does continue to dip, the next leg down is 8970 USD at the 61.8% Fib (Ext) level as defined.
Nota
Typo: "again, *than* to continue further down."
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