BTC (Y20.P3.E14).Area of interest

Jun 7, 2020

Hi All,

In the short term, this will be a slow decent to the monthly support area as well as the 0.618 and sloping trend support area of confluence.
Note, Head and Shoulders likely to play out.

Lets see if and when it gets to 9250 to 9350, what the response will be.



Cheers,
S.Sari

Jun 7, 2020

Note

12 HRLY chart...bearish on the indicators

Jun 7, 2020

Note

The response shows that the monthly region is where buyers are waiting.
Either now or one more test to the bottom will secure the uptrend to continue.

Jun 8, 2020

Note

It is clear where the obstacle is, on the weekly.
Its only a matter of time, a nice pullback will guarantee it. Here it can be possible but it will take longer.

Jun 13, 2020

Note

not looking good after that 800 dollar drop as it seems price action is respecting the upward wedge