BTC Overview 18 Feb

in #bitcoin7 years ago (edited)

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Bitcoin touched the high trend of H4 bullish channel. A negative divergence in RSI is also happen, so we expect touching low level and 50% of Fibonacci retracement or $9600. We expect bitcoin falling at least $10000

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In 30 Minute time, also a positive divergence happen and we expect short time increasing bitcoin until $10800.

So you can wait and sell bitcoin on $10800 until touch $10000.

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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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I agree with your analysis, BTC will most likely pullback to the 10k support before any more continuation. Followed you since I do crypto TA updates as well!

Thank very much