Quick preview of my past TA - Bitcoin Technical Analysis - 05 April 2018
Price is now at $6.58k and bearish wave E is still in-play. Looking at the chart below, the price is currently stalling at 0.382 Fib. ext of Wave BCD. It is possible the wave E (truncated) to be completed at $6.4k zone (long-term support channel) if this support zone failed to be broken.
The current count below is still more likely to happen as it is supported by the 30-min RSI and MACD indicator. In this current count, we are in corrective wave 3 and I expect it to be completed at $6.2-6.3k zone. I am expecting the current count to be completed at $6k resistant; however, it is possible for the price to go lower than $6k zone if wave 3 overextends lower than $6.2k zone.
Short-term prediction: Bearish
Mid-term prediction: Bullish
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