RiceCooking
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as i post before, Because btc not properly make abc correction 4H at bottom 53K area we have a big risk correction at current price to get dump back to 60+K to 53K area or probably worse below 50K.
4H BTC chart is failed to make proper abc correction, with too many x in chart, a bigger correction can trigger flush down below 50+K
The current buy can trigger big correction on bitcoin, mostly everybody is happy right now, the higher its goes up without make abc first, it can trigger sudden crash to 64K
It will break that $185.6 and going lower as the price cant sustain above it.
The trendline of btc daily is not good, its facing to hell, elliot wave daily already make 12345, so now in the phase of correction abc
ETH daily chart complete 12345 elliot wave, its going to make abc.
This Trendline for BTC, 1H timeframe.1H already update, this is fresh trendline.Green Line=SupportRed line=Resistance+ Green= Golden Cross- Red=Death CrossGreen line support is sidelane this indicate this is major support for hourly trendline.Red line resistance is down this indicate, strong resistance pushing down the price and trying to break hourly major supportSooner or later we going to have the right direction after the end of trendline or when support/resistance is broken.
This is trendline for XRP, 15 minutes timeframe, use green/red line for Stop loss(For safe trade if you long put stop loss higher than support and lower that resistance if you short) or stop profit nearby support and resistance.Red line is resistance and green line is support.+ green is golden cross and + red is red crossTrendline is bearish with Death cross.
This is the right Daily trendline for ETH, and we got H&S right there, trendline already broken. I give you to decide.
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