Bitcoin price, over the weekend, unfolded five declining subwaves and should now advance. The prevailing pattern of price shows similarities to a pattern at the end of January (prior to consolidation) and another in mid-February (prior to advance).
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Bitcoin Price Analysis
Time of analysis: 04h45 UTC
Bitfinex 15-Minute Chart
From the analysis pages of xbt.social, earlier today:
Bitcoin price has made five declining subwaves and should now advance.
Advancing in 5 waves to the purple 800MA near $286 will be a sign that a new advance has begun.
Three waves of advance that fall short of the 800MA will warn us that the current sideways structure is incomplete or that decline may resume.
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https://www.cryptocoinsnews.com/bitcoin-price-successfully-tests-support/