July 12th Bitcoin (BTC) Technical Analysis + Detailed Elliot Wave Forecast

in #cryptocurrency • 7 years ago

How accurate were my targets? I hope you guys made some money. Here is what I uploaded last time --->
https://steemit.com/free/@topcoin/10-second-bitcoin-analysis-for-short-term-possible-targets-using-elliot-wave-theory-july-9th-2018

We are likely done with ABC. If not, we will have one more wave down to $5,990 region.

  • RSI is showing bullish divergence. Lower lows in price action + higher lows in RSI.
  • Volume is decreasing, which signals change in direction.
  • Histogram is gaining strength and MACD is about to cross SIGNAL again.

Once we are done with ABC, (BTC) will attempt to make another impulse or it will lead to a failure. Either way, I am anticipating at least 5% increase in BTC price over the next couple of days.

candles.pngrsi.pngmacd.png

#eos #btc #bitcoin #technicalanalysis
7 years ago in #cryptocurrency by
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