Hi, everyone!
BTC has 7 red days in a row, and after one day of consolidation have a two red dailys again. STOCH RSI oversold and trying to engulf, RSI not oversold yet, but very close.
I expect some sideways between the downtrend line(connecting all last tops) and a new support line (green, connects A-C-E). Watch the price action after E, it will determine the direction for the next several weeks.
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
BTC has 7 red days in a row, and after one day of consolidation have a two red dailys again. STOCH RSI oversold and trying to engulf, RSI not oversold yet, but very close.
I expect some sideways between the downtrend line(connecting all last tops) and a new support line (green, connects A-C-E). Watch the price action after E, it will determine the direction for the next several weeks.
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
Comment:
News about ETF delay arrived and can cause the future straight drop and bear cycle until September 25-30
Comment:
Notice how support became a resistance