BTCUSD almost followed my previous 30days view although i was a little bit bear on the forecast. On the current set-up i do not like that BTC went under MA200 (the orange line) however it was a normal correction if we think that BTC is forming a 1-2-3-4-5 uptrend wave. We are now finishing wave2 preparing the ground on Wave3. There is still space to reach the previously mentioned support of 7.800 although it seems very solid for the moment. I am immagining this evolution over the next 40-60 days. If we go to the red zone than we are back to the Bear Year zone :(. Let's see how it will develop. Enjoy!
Yorum
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Old BTC forecast (made on 10th of April) you can find here: