Start to 3rd wave up? BTCUSD

8 Jan 2018

Good base to start a pump higher. List of supports :

• Spike low of 20nd december decline + 0.382 fib retrace of 17th - 22nd
  
• Parallel channel
  
• .618 retrace of 1st wave up which is a usual retracement the 2nd wave makes in elliott wave theory. Also coincides with 1st wave high + 4th wave low in the minor wave of 1st wave.
  

Would like to see more indicators that the current decline is over before making any trade off this

A break of parallel channel/1st wave will invalidate this idea.


Break in the 30 min RSI trend to push us higher

8 Jan 2018

Catatan

2 retests at broken RSI level. Still some indecision around here, but potential support base being made

9 Jan 2018

Catatan

Short term support