BTC: Another leg down?

٢٧ يونيو ٢٠٢٠

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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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٢٧ يونيو ٢٠٢٠

ملاحظة

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

٢٨ يونيو ٢٠٢٠

ملاحظة

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

٢٩ يونيو ٢٠٢٠

ملاحظة

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.

٣ يوليو ٢٠٢٠

ملاحظة

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