Trend is strong but awareness is needed (Hourly chart) BTC-XBT

As you can see we have been putting some nice waves in on the 1 hour with a strong trend since the sub $7000 levels & this is expected to continue
however it is important to be aware of both options especially after a strong rally.

Bullish scenario -


1. We start impulse to 11k and meet Resistance

2. oversold macd

3. 1 2 3 4 5 impulse wave

Bearish scenario -

1. We have support failure & head for $8000

2. Bearish divergence & double top

3. expanded flat (b wave exceeds a wave)

Watching out & make plans for for both!

Stay profitable out there!

Dalinhood

Komentarz:

update

Komentarz:

update! (click this chart and press play) expecting a bottom to be found soon .