Bitcoin and Ethereum: BloodBath as Buying Opportunity ? Price Action, Technical Analysis 06.09.2020

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Published Sep 6, 2020

Hi Traders,

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Overall negative sentiment, especially when it comes to tech sector as main reason of the crypto sell off in my opinion.

In case of BTC and ETH we are testing very importnat levels from buyers perspective.

BTCUSD weekly chart here is a key in my opinion and as long as we are going to close above 9500/9800 there is a chance for short consolidation and rally back twds 12500. We are discussing latest weaknes ( around current level as demand zone/base for even higher rally ).

ETHUSD bulls have to hold 300/260 demand zone. Supply around 355 and again around 380/85. Move back and close above 400 is needed to renew very bullish case, with 550/600 as next possible target.

Watch video for more details

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