BTCUSD low
The most recent sell-off has pushed us to levels not seen since late november. Volume picked up dramatically matched only by the sell-off on 22nd december.
Support in this area include the 200dma (roughly at $7850), the .618 fib retrace off entire range & the 20 RSI. If we're holding onto the idea of an elliott wave sequence starting on september last year, we've now reached the top of wave 1. C has extended 200% off A->B.
Daily look :
Look at impulse off potential bottom :
Support in this area include the 200dma (roughly at $7850), the .618 fib retrace off entire range & the 20 RSI. If we're holding onto the idea of an elliott wave sequence starting on september last year, we've now reached the top of wave 1. C has extended 200% off A->B.
Daily look :
Look at impulse off potential bottom :
Note
Since release of cboe futures, worth keeping an eye on the VIX and it's correlationNote
.5 of longer term pitchfork acting as first res. Note
Break, retest, time to push higher?
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.