- MACD is at historic max level but with no signs of retraction. Crossed up and continues heading north. - The RSI its oversold but has room to go more up and consolidate for a few days in that area as did from 7th to 16th of October where you can see how it was fully oversold but held there and price was driven up a 25%. - The volume also is constantly...
The Ichimoku Cloud and the Moving Average 100 are working as a really strong support, bouncing BTC heavily from there two times in the past. I expect BTC to drop to the 5.2K-5K area to start from there a new run on the way to the 8K before the end of the year. This correction is fully nece- ssary to build some support at that level. A para- bollic growth is not...
The last time before the BTC drop when the MACD was on the peak went down a little to refuel and make the last push, crossing up for a while. We can see now exactly the same pattern. Also the Wave Trend Oscilator matches the same pattern signalling the sell again after the last push. IMO the drop this time will be delayed because of SegWit2x fork and some...