BTC: Another leg down?
Mis à jour
First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you!
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!
================================================
🌐 We believe in the power of on-chain data analysis!
================================================
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!
================================================
🌐 We believe in the power of on-chain data analysis!
================================================
Note
BTC at a critical moment. The 2D RSI needs to move above its MAs for a continued BTC bull trend. 
Note
Which resistance's on you chart? The blue or the pink?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.
Note
After another week of side way actions, BTC is looking less bullish for the short-term.
Building the future global economic system
Publications connexes
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.