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Update on BTC: The past two days as anticipated a correction to the recent rally is I. Effect. We have a lot of inside bars forming in the green region seen above where we are expecting more consolidation in that area. If you haven’t checked out our latest post about corrective waves I highly suggest you go read it to learn more about how markets correct. 4H RSI is at an extremely high overbought level that we haven’t seen in a long time this signals that a drop in price is going to follow. MACD has crossed on the 4H chart which is another big signal we use as bearish evidence. At this point it’s looking like at 70% chance of a correction to 7.1k and 30% of a breakout passed the green trendline we mentioned earlier this week at 7.8k #cryptokingslife

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Beautiful isn't it?