BTC Are whales taking the sunday off?

in #bitcoin7 years ago

Good morning,

This is a post on BTC / EUR on coinbase. Same applies to the USD pair so read on ;)

In the same way we could see a bearish RSI divergence at the end of wave 1 ( see the red line at the top of the sub-waves 3 and 5).
We can now see a bullish RSI convergence. This correction has been rather complex and I have labelled it below as a WXYXZ.

A closer look of the correction shows the following.

If the correction is indeed finishing, then a last couple of bearish candles are probable to complete the last c wave.
The previous support and resistance level highlighted in the blue rectangle would act as Support.
One can also appreciate how in the past 3 hours the volume has decreased a lot , are whales taking the Sunday off?

Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell assets.

Sort:  

Congratulations @macmanux! You received a personal award!

1 Year on Steemit

Click here to view your Board of Honor

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @macmanux! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.17
TRX 0.16
JST 0.029
BTC 75904.17
ETH 2906.60
USDT 1.00
SBD 2.64