Hello, Skyrexians!
We hope you enjoy our yesterday Bitcoin analysis which is now playing out. Daily candle closed great, but this reversal is still unconfirmed. So, we are still in danger. Today we will take a look at the BTC.D again, this chart is annoying, but is finally approaching its reversal point.
Let’s take a look at the weekly time frame. Here we can see the 3 red dots on the Bullish/Bearish Reversal Bar Indicator [Skyrexio]. Now we will try to learn now to ignore the false signals. The first dot formed on the very weak bar with no angulation with Alligator. We can’s use this. The next bar was great, but it was just the wave 3. The best signal is the last one. We have angulation, bearish divergence with AO and the potential wave 5. This reversal has been confirmed.
Expect the reversal from the current percent because price is inside the Fibonacci 0.61, or in the worst case earlier mentioned 66%. This is going to be wave 5 in 5.
Best regards,
Skyrexio Team
