From 12/27/17 we have down-trend. Till now it was five Elliott waves (1-2-3-4-5 impulse).
From 02/06/18 correction wave 1 had began.
Todays we are behind Rubicon.
If it will cross 12000$ level - correction(A-B-C) will turn into a wave 1 of up-trend (1-2-3-4-5 impulse).
If not - we will get finished correction(A-B-C),
and another down-trend impulse or consolidation between 6000 and 12000 will start.
Indicators are giving conflicting signals:
RSI is trying to get to overbought zone(not good).
Stoh: fast line has crossed slow bottom up(good) in overbought zone(bad).
MACD line above signal(good) and going to cross centerline(good).
But can be delayed reaction on correction(A-B-C).
The average volumes does not confirm up-trend.
From 02/06/18 correction wave 1 had began.
Todays we are behind Rubicon.
If it will cross 12000$ level - correction(A-B-C) will turn into a wave 1 of up-trend (1-2-3-4-5 impulse).
If not - we will get finished correction(A-B-C),
and another down-trend impulse or consolidation between 6000 and 12000 will start.
Indicators are giving conflicting signals:
RSI is trying to get to overbought zone(not good).
Stoh: fast line has crossed slow bottom up(good) in overbought zone(bad).
MACD line above signal(good) and going to cross centerline(good).
But can be delayed reaction on correction(A-B-C).
The average volumes does not confirm up-trend.
