BTC- 12/07/2019

in #cryptocurrency5 years ago

Just a quick post to see how i currently see BTC in its bull run.

I believe BTC is in a corrective subwave wave 4 of wave 1. This corrective wave I see as below, a triangle and its about to work on its way up to the top of the triangle to complete the "D" wave.

btc 12072019 triangle.png

Taking note of the RSI, BTC is nearing oversold on the 4H time frame. Which could indicate a rebound as suggested.

REMEMBER TRIANGLES OFTEN DONT COMPLETE THE "E" WAVE. Happy trading :D

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Disclaimer: I am not a financial advisor and any of my content should not be taken as financial advice. The information and content provided is purely my own thoughts and intended for informational and entertainment purposes only. This is not investment advice. If you want to invest you should consider consulting with a professional beforehand.

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