The first area of support between 10.600 and 11.000USD has not been touched. The pullback could be enough with a buy setup triggered yesterday. However, the buy Setup is unperfected and a retest of 11.100USD or lower is likely before the expected consolidation/reversal materializes.
RSI starts to look good.
A stronger correction is also possible but would turn BTC in a negative bias if RSI also turns negative. A Daily Close below 9.200 USD would mean a Bearish scenario.
@MATHR3E, Here is my conundrum. Look at the BTC1! futures 2 week TD resistance @ 11130. It is acting as support. While the 2 week TD resistance of BTCUSD @ 12300 is resistance.
MATHR3E
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@Senior_Lodenstein, You are right, the 2W charts indicate a sell setup. On the BTC1! chart, it is also a theoretical 9.
(Actually a 9 with a parameter for increased sensitivity of my indicator)
I would trust the BTCUSD chart more since the previous 9 SELL SETUP is clearer (marks a top).
My daily scenario is still compatible with the completion of wave 5 before a future correction.