Short-term, BTCUSD is completing a retrace as we are seeing a bounce right above the 0.5 Fib. retracement level for the bullish wave that started 30-June.
We charted something similar for Ethereum (ETHUSD). See the 'Related Ideas" below...
Notice the blue trendline, it has been working perfectly as support on the way up.
The RSI went through a full reset... It is recovering from "oversold".
Bitcoin is going to retest $22,400 as resistance to push higher and challenge $24,680 next.
This analysis is invalidated on a full candle close below $20500.
Remember to hit like and follow for more cryptocurrency related articles.
Namaste.
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Going lower...
Additional support levels for potential bounce are mapped on the chart. $20100 and $19455.
We stay bullish above these levels.
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Here is an updated version.
Please remember that trading has nothing to do with getting it right or wrong, nor any 50/50 about chart reading, trying is all about risk management, buying/selling and holding.
The charts are there just to assist us in our trading. The charts can help us define the support and resistance levels.
All you know is up arrows and you were bullish at the top. Here's your measly 100 TV coins back so your noob followers can see who you are. They only need to scroll to the comments section.
I just bought the low btw while you've been bullish all the way down😸.
Namaste 🤡.
nazarimehrdad991
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@Ali7861, just as a Advice ,, Unfollow him if you think so ,,a nd stop being emotional in this risky market ,, he share his Idea always and the problem is that the expectoration that you have is wish him to be always 100 % correct which impossible .. in this market many people share the Ideas and i just see the hate because he has many followers if any trader be 70 % right in long term ,, he is doing perfect ,, none of Ideas can be always Right ..
RockstarD12
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@nazarimehrdad991, you have 50/50 chance to get it right. How do you consistently get it wrong 90% of the time.
He was only right in the bull market.
Inie Minnie minie moe, catch a scammer by the toe. Alan is the scammer along with the paid groups and masses he dumped on , defrauded and took payment for his bullshit calls.
So here's a cookie and go sit down u, better yet take Alan with you under . I hope one day he never posts again.
Today btc up 3 hours later he posts again down 1 day later posts up It's just price commentary by a fool to the fools
Namaste and suck my toe.
Surf the kali yuga
AlanSantana
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@nazarimehrdad991, Exactly. We have a lack of intelligent people in the comments section.
You've gone so low as to insult the people that are reading here... My "followers".
I am more comfortable if you insult me.
No need to insult other people, they have nothing to do with your jealously and grudge.
dRends35
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@AlanSantana, I definitely dont have jealousy and not sure about grudge. If I return your coins to you and make a cheeky comment as you did on my page, I am a reflection of you - am I not?
dRends35
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@AlanSantana, I didnt think you'd answer that one.
I just bought the low btw while you've been bullish all the way down😸.
Namaste 🤡.