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markrivest
15. Sept. 2021 20:40

Another Potential Important Top Short

Bitcoin / U.S. DollarFOREX.com

Beschreibung

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
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