Bitcoin Technical Analysis - Prepare for Upward Wave 5! 22 March 2018

Words
324
Reading
2 min
Listen
Play
9y

Quick preview of yesterday's TA.


As stated yesterday, if wave 3 is not yet complete ($9.06k high yesterday), then 1 more push upward up to $9.2k zone is expected before going to wave 4.

Looking at the chart below, the price pushed to $9.17 and failed to breach it. This move bounced the price to continue the impulse Wave 4. The price is now at around $8.58k, and I'm expecting it to go up to $8.5k zone (0.382 Fib. retracement).

Going down to $8.4k zone is still acceptable for the impulse wave to be valid, but, clear breach of the $8.4k zone will invalidate the current count. RSI indicator shows higher lows which supports the weakening of bears, hence, signals near completion of downward trend.

Disclaimer


This is my personal view and I don't claim it to be a professional financial guide. Your decisions are only controlled by you and only you. Listen to what others say, but don’t believe everything that you hear. Research, analyze, and think. In the end, you can only thank yourself for believing in something that is true. Likewise, you can only blame yourself for believing in something that is false.

Want to earn more?

Earn through SMARTSTEEM - guide
Earn followers and upvotes through STEEMFOLLOWER
Earn through mobile mining - Electroneum

Earn through games:


Cryptomininggame - browser game
Aethia - Ethereum game
Bitcoin mining game
Magic bitcoin farm
Dino park game
Cash zoo bot

Guide for newbies:

Trading Strategy 101 – Understanding Cryptocurrency Volume
Trading Strategy 101 – Understanding Order Books, Buy Walls, Sell Walls, and Fake Walls
Trading Strategy 101 – Using 3 Moving Averages
Trading Strategy 101 – Support and Resistance Zones Strategy Guide
Trading Strategy 101 – Easiest Bitcoin Trading Strategy
Crypto Guide for Dummies - Avoiding Beginner's Mistake

upvote.gif
If you liked this post or it helped you in any way, please upvote, follow, and resteem so that more people can learn about this information! Thank you!

Bitcoin Technical Analysis - Prepare for Upward Wave 5! 22 March 20... | Ecency