BTC MACD Tightening cycle to end really soon.
Updated
Btc MACD is on the last days of its tightening pattern. Its amplitude has been declining from both sides and this will make the market take a side rather quick. Also on a non logarithmic chart i think that we have already brake the resistance line, this happened a few weeks ago and we are bouncing now on it as suppòrt until we meet with the long term support that was established on the run up that we experience from summer last year till December.
We will have to see how the price reacts to this the next tow weeks in to april, but i am really confident that bitcoin it is on its last stages of the correction.
We will have to see how the price reacts to this the next tow weeks in to april, but i am really confident that bitcoin it is on its last stages of the correction.
Note
There is a slight problem with my abc eliot wave correction, the starting point should be at the first divergence. I don't know why it moved.Note
In two hours will close the 4H candel we will se if the RSI has finaly pierce trhoug the resistance line it was folowing the last 13 days. IF so I hope to buy in at 7800 and look for a 9900 exit.
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