BTC: Another leg down?

27 juin 2020

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Given BTC’s rise to 9.7k and the quick drop to the 9k zone, we think another downward leg is highly possible before moving to the upside.

- Elliot Wave: 5th wave needs to be completed
- RSI: Wave3 and wave5 generally form a RSI divergence ->wait for the 2nd RSI dip
- Ideal entry: 8.7k-8.8k

Do you agree or disagree? All thoughts and critics are welcomed!

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27 juin 2020

Note

BTC at a critical moment. The 2D RSI needs to move above its MAs for a continued BTC bull trend.

28 juin 2020

Note

Which resistance's on you chart? The blue or the pink?

29 juin 2020

Note

The targeted zone has been hit. BTC now remains in a bullish trend and we are currently at a level of great risk-reward setup.
See the update below from both fundamental and the technical perspectives.

3 juil. 2020

Note

After another week of side way actions, BTC is looking less bullish for the short-term.