A short rest for the bulls - BTC Relief rally

27 ביולי 2021

On chart indicators suggest a short correction in the price BTC. The bulls need a rest stop after being rejected from the 100 day SMA, so I assume the bears will take over in the short term. It only depends on the time perspective, how long the bulls will need to rest. From the RSI it seems the recent price move was in fact a trend reversal (as mentioned in my previous idea in the Wyckoff accumulation). I expect a pullback to the area marked on the chart both in the sense of the price and the RSI and after that a continuation of the uptrend.