$BTC Resistance line rejection

2 thg 9, 2020

BTC has just been rejected by TDST Resistance line.
MATHR3E REI indicator was overbought (>40) in a bearish/oversold territory (red background).

Wave 4 remains in progress but is competing with a potential bearish Wave 3.
The area of support between 10.600 and 11.000USD is still a good support zone to contemplate.
However, today BTC has just triggered a bearish countdown (bar ①/13) so this consolidation could last longer.

RSI is still cooling down and needs to stay above 45/50% to favor the next leg up.

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