Idea - 2 weeks RSI Channel Idea - 2 weeks RSI Channel Idea - 2 weeks RSI Channel Idea - 2 weeks RSI Channel
Maybe we need a calm down during "2 WEEKS" and see a blast off after !
most people see the Elliott wave on a shorter cycle. I think it has not been on the exchange long enough so i offer this longer range view.
Well, we saw huge breakdown in BTC lately, especially there are tones of people bought from the peak. Good news is BTC is still protecting its upward long term trend, we might have a one or two breakdowns during next 2 weeks but it will be much better after. This chart will be updated as the two month downward trend ends.
EMA - 20-50-100 narrow gap between all EMA's RSI - good space for upward movement MACD - below 0 and BULLISH cross over and we can expect upt 8-10% movement in LONG direction.
Bounce from 2510 to between 2835-2987 over the next week to 2 weeks. Index currently in channel.