Potential Reversal; We Should Know More by July 8, 2020.

I would feel better we have begun a reversal to sustained upward pressure once the White Energy in the 3-Day and 4-Day cross above 50%. The White Energy in the 3-Day "may" cross above 50 on July 8 and the White Energy in the 4-Day "may" cross above 50 on July 7, 2020. If you have not begun accumulating bitcoin, now may be a decent time to consider doing so. My opinion of course...

We may not see a retrace to the 0.618 FIB RT. There is too much going on financially, economically, politically and geopolitically in the world that makes crypto look very bullish. I'm leaving this labeled "Neutral" for now but beginning to look very bullish...

Stay Awesome!

David

Commento:

There is too much going on with China right now in regard to NEW capital controls, banks failing in China, etc... that could contribute to pushing the price up.

Don't forget what I mentioned in my previous publication in regard to the Green 50-EMA in the 2-Day time frame crossing ABOVE the White 200-EMA in the 2-Day time frame. That is a VERY bullish signal for Bitcoin in my opinion.