BTC/USD just retraced to 0.786 Fib. level (~ $ 6,350).
Strong Support from MA 500 days (~ $ 6,550).
RSI reaching oversold territory, and Stoch RSI shown bear momentum very weak.
If the Elliot Wave count correct. Primary Wave 2 shall be ended, and bounce back will expected very soon.
This count only valid if BTC/USD stay above $ 6,350.
Strong Support from MA 500 days (~ $ 6,550).
RSI reaching oversold territory, and Stoch RSI shown bear momentum very weak.
If the Elliot Wave count correct. Primary Wave 2 shall be ended, and bounce back will expected very soon.
This count only valid if BTC/USD stay above $ 6,350.
Note
This count still valid.
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Related publications
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.