BITCOIN

BTC is fighting again at the 6750$ level, trying to break out of the triangle. I don't know if we're going to succeed this time, but there's a chance we will. The 50 day MA (blue) is about to cross the 100 day MA (red), whit a higher momentum than the last time. The volume also increased drastically since then. However, the Stoch RSI is indicating a slowing down in the momentum and a bearish cross (blue below red).

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Here's a pic with the huge bullish divergences happening right now (MACD and RSI), which will have a big impact over the next bull run.

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The bigger picture for BTC/USD and the weekly chart: this is the only logical way I could find for the Elliot wave cycle (1 to 5 and ABC reversal), without the fourth wave overlapping with the first one and the fifth to get below the third. If the price action will go like this, with the C wave ending at the previous top, we could see a cup and handle formation, which will 'boost' the price even more. The RSI and MACD also show a momentum reversal, with the sideways movement. Either way, the next run will be IMO 'outta this world'.

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These are some of the exchanges I use:

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• Bitfinex - my most used exchange
• Binance - most popular exchange
• Kucoin - excellent exchange, rising in popularity
• Gate - for small cap / new coins
• Huobi - margin trading
• Coinexchange - big variety of coins

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Thanks for reading and safe trading!✌

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