SUMMARY
The below converging, upward pointing (bearish) triangle pattern is still staring at us in the eyes! From purely pattern perspective, the top could be put in at any moment. However, the MACD disagrees in that its own broadening pattern makes it likely that MACD will touch the upper white line. This still does not make this an ideal time to be taking buying actions for Bitcoin. After touching the upper white line, MACD then should touch the bottom white line and that's quite a distance down.
Elliott Waves also show that the top is most likely not yet in, though close. The below count shows that price is correcting in an a,b,c (red) pattern. Once complete, higher highs should be attained. The video has tons more details.
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Transfer ID: 5642e770-0e32-479e-ba8d-0f52b43e4c8a