Asset: BTC
Timeframe: 1D
Indicators: Stoch RSI, MACD, RSI Divergence, Pivots and Zigzag
Technical Analysis:
We are still playing within Phase D of the Wyckoff Schematic 1 based on my analysis. Breaking out from 40K and sustaining that on higher levels should break the pattern and will put us on an uptrend. Anything lower should indicate a downtrend towards the weekend.
Fundamental Analysis:
China’s renewed crackdown on the cryptocurrency industry has wiped off around $400 billion in value off of the total digital currency market since Friday. However, analysts sees long term benefits as this will help with opportunities with renewable energy.
Will it be the bulls or bears to win this battle? Let's see over the weekend.
Timeframe: 1D
Indicators: Stoch RSI, MACD, RSI Divergence, Pivots and Zigzag
Technical Analysis:
We are still playing within Phase D of the Wyckoff Schematic 1 based on my analysis. Breaking out from 40K and sustaining that on higher levels should break the pattern and will put us on an uptrend. Anything lower should indicate a downtrend towards the weekend.
Fundamental Analysis:
China’s renewed crackdown on the cryptocurrency industry has wiped off around $400 billion in value off of the total digital currency market since Friday. However, analysts sees long term benefits as this will help with opportunities with renewable energy.
Will it be the bulls or bears to win this battle? Let's see over the weekend.
