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EuroStockOption
Sep 1, 2022 9:13 PM

BTC short term bounce to 21k+ EUR Long

Bitcoin / EuroCoinbase

Description

Disregarding the structure of higher time frame, on the hourly here:
- decelerating rate of change of the drop,
- technicals showing positive divergence,

Suggesting a local bottom is (almost) in place, rebounce to above 21k is doable, good R:R is using LOD of today as stop.
ARKG is actually green today, either indicating (short term) risk-on appetite, or just short covering before the long weekend.
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