Hello guys, here some updates of my precedent chart.
The crucial point of my precedent TA didn't hold and invalidate the ABCDE bullish flag .
We clearly see now the woods of a major correction. Remember correction are healthy and that's a good time to buy more if you caught the good price.
Different scenarios are now possible :
- We could be at the wave C of an EW ABC correction that would push us to 8k area.
- We can see on the chart a descending triangle pattern who could slowly put us to 7-6k area with a possible breakdown to 4K... and yes... i think it's possible but as always it's a game of probability.
For the first time in Bitcoin -3.26% history (if i remember well) the daily MACD shows a possible reverse trend in bearish zone.
RSI shows signs of bearish too.
We'll probably retest 10K before any other scenario, but i don't expect this support to hold a very long time.
It's always a pleasure to read your comments, agreements and disagreements are always welcome when there are constructive.