BTC/USD LONG TERM TREND FORECAST

1 мая 2020 г.

BTC/USD had a surge up to 9500 in a very short time frame. All the movement of rebound in the 2020 time frame were in a normal setup considering the collapse from 20000 to 3000 areas.
The actual collapse below 4000 was a fear spike due to covid situation that has been widely bought from whales taking back to the actual levels that can be considered a return into the "normal" trend.
The resistance @9500 is quite strong and may take to a sideways movement like a triangle in the coming time, from 9500 to 7500 at worst.
We would be buying any important dip with target the break of 9500 up to 11000 and then 13000. From there probable a second sideways stage (we are now in wave one, going to wave two and that would be third and fourth). At the the break of 13000 a long wave will occur up to 20.000 and even some more.
Monitor accurately trade volumes and act against the trend preceding volume spikes.

Marco Mottana
CFX-FInance LTD