drops are getting larger, as are the bearish volumes. There is a lot of dumping going on - often an indication of forthcoming pumping.
Some good resistance approaching on price (~8300).
4hr RSI support and oversold.
As I have said before, its a long way down and much can happen on the way.
Caveat:I am not a professional trader or adviser. Do your own research before making any trade. Never trade more than you can afford to loose.
Some good resistance approaching on price (~8300).
4hr RSI support and oversold.
- Daily RSI still has a possibility of oversold double bounce
Daily StochRSI has some sapce left to go down
Daily MACD has just completed a bearish crossover.
As I have said before, its a long way down and much can happen on the way.
Caveat:I am not a professional trader or adviser. Do your own research before making any trade. Never trade more than you can afford to loose.
Trade closed: target reached:
Target reached faster than expected.
- MACD Daily just had a steep bearish cross over. Last 3 times it crossed at such an angle it was part of BTC devaluing by (in chronological order) ~30%, ~40% and ~60%.
- The RSI is still going down. The double bottom on price occurs AFTER the RSI is trending upward. So bottom is not yet reached.
- Previous 4hr RSI bottom: 23rd Feb. Price bottom: 25th Feb.
- 5 consecutive days of red candles
