BTC Final push to W 200 EMA

• BTC seems to have found support at the fib 23.6 level for now.
  
• 1hr Stoch RSI is oversold and crossing up
  
• CMViX given a 1hr buy signal
  
• Wave 4 completed. 1 final wave probable
  
• Anticipating W 200 EMA will be the reversal target (circa 4100)
  

Risks


The trend is becoming exhausted and likely to be nearing reversal so caution should be taken
23.6 is not the strongest of fib levels and a further retrace to 38.2 is possible, which is also the trendline from Jan 2018 which has yet to be retested.


BitMex Chart

Сделка активна:

Entry at 3915.5

Liq Price : 3858.5