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jeanlops

Bears losing strength

Bitcoin (BITMEX:XBTUSD.P)  
jeanlops Updated   
BITMEX:XBTUSD.P   Bitcoin
Elliott Wave
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0
elliottwaves
So far the bears remain in control, but the selling force has weakened.
The opening of the weekly candle will be very important to define whether the price may rise again in the coming weeks.
Comment:
RSI is still below average, but the stochastic is already over sold.
MACD started showing the first signs of a reversal.
But without confirmation yet.
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