$BTC Buy Setup within Elliott Wave 4

28 thg 8, 2020

BTC wave 4 is still in progress

The first area of support between 10.600 and 11.000USD has not been touched.
The pullback could be enough with a buy setup triggered yesterday.
However, the buy Setup is unperfected and a retest of 11.100USD or lower is likely before the expected consolidation/reversal materializes.

RSI starts to look good.

A stronger correction is also possible but would turn BTC in a negative bias if RSI also turns negative.
A Daily Close below 9.200 USD would mean a Bearish scenario.

Best!

MATHR3E