Below my analysis of BTC on Binance on Daily Timeframe.
I look at 2 major scenarios and explain which has more probability in my eyes. I show simple what to look for signs. See next tweets in this thread. Each tweet has an explaining image. Txs for liking + RT first tweet 🌻❤️
A few signs for a possible Bearish view (most probable in my eyes):
•Lower Low & Lower High on Daily Timeframe •Clear Rejection of Resistance Line •No break through my big yellow Long Term Trendline yet
Weekly RSI Downward Trendline Is still not broken.. I set an alarm on this trendline
First signs for a possible Bullish view :
•Bullish RSI Divergence on the Daily
•Bullish RSI Divergence on the Weekly Timeframe •We had a low below the 30% level on the Daily and weekly RSI
My Bearish Elliott Wave view at this moment : (most probable)
My Bullish Elliott Wave possibility (at this moment) :
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