Btc Weekly, Daily and 4 hours
Weekly
By Elliot Waves, Wave 5 = 61.8% of Wave 1.
200 simple moving average in area.
Daily
2 Patterns (one main) and search of their 161.8 zones.
Triangular formation, false break and target chartist.
Descendent channel.
Rsi in extreme oversold and possibility of divergence.
4 hours
Count from the beginning of this blunt fall, where Wave 5 is the 3.618 - 4.236% of Wave 1.
Broken up Descending channel and retest.
Oversold.
An alternative count would give targets below 2.500 $.
If this fall does not hide anything behind the curtains and everything that is read is
premeditated type "pink press and theater", this is a shopping area like a cathedral.
The area of 3.150-3.350 $ can be valid to take long positions of any respectable Altcoin, at that time.
Without removing merit, as to someone else, let´s go to challenge Mr. Roubini´s pessimism, to make
accounts, 1 Btc at 3.300$ (3.025 €).
Stop 2.600$.
Poll
