EOSBTC - Impulse Wave to 160,000 Satoshis
EOSBTC on 4-hr Chart
Here I've only looked at Fibonacci Retracement , Trend-based Fib Extensions, RSI, Stoch RSI and EW in the preliminary stage of the developing 2-wave. There is little to support that it may successfully complete the series of 5 waves. However looking at the weekly chart, how bearish BTC is, and especially how LTC reacted yesterday, it is not impossible.
There is a huge resistance at 130,000 satoshi so degree of failure is high.
On a weekly chart there is strong support for the bull :
(1) RSI is at 63
(2) Stochastic RSI fast line (Blue) crossed slow line (Orange) on 12th March and both are starting to tilt upwards
I would appreciate any kind of comments and especially ones that points out errors or shortfalls in my anaylsis
Happy Trading
Here I've only looked at Fibonacci Retracement , Trend-based Fib Extensions, RSI, Stoch RSI and EW in the preliminary stage of the developing 2-wave. There is little to support that it may successfully complete the series of 5 waves. However looking at the weekly chart, how bearish BTC is, and especially how LTC reacted yesterday, it is not impossible.
There is a huge resistance at 130,000 satoshi so degree of failure is high.
On a weekly chart there is strong support for the bull :
(1) RSI is at 63
(2) Stochastic RSI fast line (Blue) crossed slow line (Orange) on 12th March and both are starting to tilt upwards
I would appreciate any kind of comments and especially ones that points out errors or shortfalls in my anaylsis
Happy Trading
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