BTC Weekly chart is looking like we're shaping up to retrace short term.
Covid 19? Stock crash? You pick the panic, people will sell at this level and who will buy in the top 10% when we know there's a sell wall @ 20k like nothing else in the crypto world.
I noted an evening star Potentially forming. This weeks candle is very young so don't take this as gospel.
MACD is strong. RSI is oversold and volume has been steady but lacking from the spike.
Beware what may befall the might BTC this week. That said expect a rush of money to alts like we've never seen once BTC chills out a little bit.
If you hodl, you be rich. If you trade, be 200% careful right now. There's a huge wave of volatility that's about to hit the market I feel.
u talk about evening star on a candle that nor complete more that 20 % then it is not acceptable but base on Elliot wave last of 3rd wave must be happen around 18000 till 19000 and because of extended wave (case on fibo.) must be drop more than normal(i think 15000 till 14000) after that the 5th wave of the last must be start to 20000 (next 1 or 2 month)
good luck
cryptosince1963
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@shoseini9, Just a potential, I understand and stated in the analysis the candle is very young. But if we're going to see one, that's where it will be.
Appreciate the comment and good luck to you as well 🤙
good luck