The big corridor of Support (29,5000) / resistance (35,000) update!
The current small multiyear resistance line in 32,000 holds some strength. However, all indicators show that the support was strong and a new attempt will follow soon.
Expecting another bounce to 32,000 resistance followed a slight tick down. After that once momentum has gathered we should see...
BTC acting as expected. The current support line is very strong that stretches through 2021 June-July.
The current corridor is formed in 30,000 to 35,000 with some up or downticks below.
General sentiment stands to hold well- relief for markets. This comes due to many macro indicators and some chain-data suggestions.
As with the previous TA, we should validate...
We might see a BTC bounce UP. Elliot Waves show the correction ( A, B, C ) has finished.
-DXY ( Dollar Strenght Average ) is in decline, indicating that the dollar will weaken.
-BTC shorts are in decline.
-SP500 relief.
- JP Morgan announces a possible BTC up move. ( Might be an indication of a relief rally where they intend to find exit liquidity)
On a...
