BTCUSDT DAILY CHART BINANCE Ex.

2021년 7월 20일

In pervious chart, I've talked about midterm period of BITCOIN price. NOW, I'm going to share my idea about short term period in daily chart.
As you can see in chart,
1-we are in descending channel
2- Tenkan-sen(blue arrow) is downward and below the kijun sen(red arrow)
3- kijun sen is downward as well
4- DT oscillator(black arrow) is crossing back
And from my point of view the price is going DOWN, and for this question: when the price will bounce back?
according to elliott waves I can say after touching 27000$ and 23000$.
THIS WAS TECHNICAL POIN OF VIEW, for the fundamental view I WOULD tell you something important about DXY that is U.S DOLLAR CURRENCY INDEX.
this index is showing bad news for cryptocurrency and gold.
when it is positive the financial markets will be NEGATIV.

GOODLUCK,
Dr. MMZ