BTC/USD : Mixed picture within high volatility – Warning

BTC/USD : Mixed picture within high volatility – Key level to watch => 28200 and 46000


Daily Key Elements :

• Moving average 21/55 are resitance at 46000
• RSI is on support but no Divergence at this step
• Elliot wave configuration shows 22000 even 14000 as maximum risk potential on current level

Overview:

TACTICAL VIEW (1 to 4 weeks) : Neutral between 46 000 resistance and 28200 support, only those level invalidated will give a clear directional picture.

STRATEGIC VIEW(6 to 12 Months): 14000 remains a major support to anticipate the next larger rise towards 77 000

Trade active:

41K/46K still acting as key resistance, a last drop to 22K looks likely for now. After this last down move a new significant upside move can start