BitcoinUpdated BTC/USD : Mixed picture within high volatility – Warning
BTC/USD : Mixed picture within high volatility – Key level to watch => 28200 and 46000
Daily Key Elements :
• Moving average 21/55 are resitance at 46000
• RSI is on support but no Divergence at this step
• Elliot wave configuration shows 22000 even 14000 as maximum risk potential on current level
Overview:
TACTICAL VIEW (1 to 4 weeks) : Neutral between 46 000 resistance and 28200 support, only those level invalidated will give a clear directional picture.
STRATEGIC VIEW(6 to 12 Months): 14000 remains a major support to anticipate the next larger rise towards 77 000
Daily Key Elements :
• Moving average 21/55 are resitance at 46000
• RSI is on support but no Divergence at this step
• Elliot wave configuration shows 22000 even 14000 as maximum risk potential on current level
Overview:
TACTICAL VIEW (1 to 4 weeks) : Neutral between 46 000 resistance and 28200 support, only those level invalidated will give a clear directional picture.
STRATEGIC VIEW(6 to 12 Months): 14000 remains a major support to anticipate the next larger rise towards 77 000
Trade active
41K/46K still acting as key resistance, a last drop to 22K looks likely for now. After this last down move a new significant upside move can start
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.