markrivest

Another Potential Important Top

Satış
FOREXCOM:BTCUSD   Bitcoin
After the smash into the 09/07/21 bottom BTCUSD has been in a slow choppy rally that counts best as an Elliott Wave - Zigzag. The 30- minute RSI has reached its highest since the rally began on 09/07/21. Frequently this indicator has bearish divergences at tops. Perhaps there could be one more short-term rally to at or near the .618 retracement level.

If there's a top in the .618 area the next decline could be bigger than the drop into the 09/07/21 bottom.

Mark

Feragatname

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