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MATHR3E
2 Th09 2020 16:08

$BTC Resistance line rejection 

Bitcoin / U.S. dollarBitstamp

Mô tả

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
Bình luận
nizamsham79
Good
PolarHusk
nice potential, thanks +
MATHR3E
@PolarHusk, I'm glad it helped
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