If my H&S formation plays out,
BTCUSD
may be at the top of a wave failure denoted by X and heading down to Z @ around $7600.
$7600 should hold, unless FUD takes over, in which case we may see the high to mid $6000 range again (one last time). 04/20 should be close to the last day of the bear market.
15 min RSI and MACD looking to downtrend ASAP.
(No I don't know Elliot Wave theory in the slightest, right now I'm just painting a picture that seems reasonable to me and matching as close as I can.)
Short: Bear
Mid: Neutral
Long: Bull
BTCUSD
may be at the top of a wave failure denoted by X and heading down to Z @ around $7600. $7600 should hold, unless FUD takes over, in which case we may see the high to mid $6000 range again (one last time). 04/20 should be close to the last day of the bear market.
15 min RSI and MACD looking to downtrend ASAP.
(No I don't know Elliot Wave theory in the slightest, right now I'm just painting a picture that seems reasonable to me and matching as close as I can.)
Short: Bear
Mid: Neutral
Long: Bull
