BTCUSD from its all-time high appears to be forming a Double Zig Zag down with an Elliott wave Horizontal Triangle separating both Zig Zags.
Major support is in the low 1800 area. The weekly RSI - not shown in this daily chart has yet to reach the oversold zone implying this bear market has room to go lower.
Bear market could continue for several months.
Mark
Major support is in the low 1800 area. The weekly RSI - not shown in this daily chart has yet to reach the oversold zone implying this bear market has room to go lower.
Bear market could continue for several months.
Mark