D
David
Репост из: One point Priority channel
July 6th, 2020
Bitcoin Update :
1. It's hard to argue that the momentum for the bulls are slowly diminishing and cause a negative Y curve on the shape of the price lately
2. In align with the perspective, today is the first time of the price to trends below the 55 EMA (yellow) as the dynamic support since the break out of April 23rd, 2020
3. If this perspective of the EW is valid and the falling wedge becomes invalid, there will be a massive drop in the future of price's movement
4. For long term, it's still stay on the mixed bias but for short term, I'm still seeing this as another action of retesting the supports below. But still, the key of all this moves is on the weekly candle closes in the next hours.
Further analysis, join our channel at Click here
Bitcoin Update :
1. It's hard to argue that the momentum for the bulls are slowly diminishing and cause a negative Y curve on the shape of the price lately
2. In align with the perspective, today is the first time of the price to trends below the 55 EMA (yellow) as the dynamic support since the break out of April 23rd, 2020
3. If this perspective of the EW is valid and the falling wedge becomes invalid, there will be a massive drop in the future of price's movement
4. For long term, it's still stay on the mixed bias but for short term, I'm still seeing this as another action of retesting the supports below. But still, the key of all this moves is on the weekly candle closes in the next hours.
Further analysis, join our channel at Click here