Neither #Bitcoin nor #Ethereum is a Buy now or even soon.
Bitcoin (BTCUSD) daily
- (+) A very short reaction is expected. More Selling in these reactions.
- (-) Downtrend with $2,000 support penetrated.
- (-) Descending triangle (bearish) mid-June / present. Support broken.
- (-) Technical target based on the descending triangle: $1,000
Bitcoin (BTCUSD) weekly
- (-) Bearish. Don’t touch.
Bitcoin (BTCUSD) monthly
- (+) This chart looks bullish from a technical perspective, but… the inside-month is worrying.
- (-) Bearish. The fall just started.
Ethereum (ETHUSD) daily
- (-) Breaking easily all supports. Bad.
- (–) Technical indicators are extremely negative.
- (-) Oversold can go into more oversold!
Ethereum (ETHUSD) weekly
- (-) S-oscillator is below 50.
- (-) Laguerre RSI is below 80.