Bitcoin/USD - Midterm relief under development

16 Jun 2018

Last bottom from June 13th left us with quite amount of bullish candle formations like Morning Stars and Bullish Engulfings on very important intervals from 4h up to 12h (1d looks uncertain currently).
Also all RSI indicators from 2h up to 1d already left oversold values and bottom border of Bollinger Bands for intervals up to 3d are already crossed. I assume that we will not drop lower than right green candle of Morning Star formations on 4h and 6h where I also pointed few more resistances.
Elliot lovers are also able to draw corrective waves on multiple ways from 9.9k level.

19 Jun 2018

Nota

Almost there, also look at this magic point:

20 Jun 2018

Nota

Magic point not this time, however we still may cross 9.9k downtrend line

21 Jun 2018

Nota