Bitcoin appears to be breaking its recent push resistance now, so this is where I see it going in the short term.
I can see here that Bitcoin is performing a perfect Gann Fan compliance, i.e. to the last resistance level at 8/1 as drawn from the last sell wave.
RSI is by far not oversold in this timeframe, and there is room to correct once more.
I'm following its retrace down to the 23.6 fib level as indicated. Let's see what gives.
I can see here that Bitcoin is performing a perfect Gann Fan compliance, i.e. to the last resistance level at 8/1 as drawn from the last sell wave.
RSI is by far not oversold in this timeframe, and there is room to correct once more.
I'm following its retrace down to the 23.6 fib level as indicated. Let's see what gives.
Comment:
After break and retest of previously supporting trendline, further downside likely.
Trade active:
Comment:
forming lower highs and lower lows on 30M TF