mycotoxin

BTC -if bounce at 10500 fails, BTC will retry bounce at 10350

mycotoxin Updated   
BITSTAMP:BTCUSD   Bitcoin
The area at 10600/10500 is strong support , but if that fails to bounce BTC can retry the bounce at 10350 and dead cat bounce upwards to the 11500 mark.

However if BTC is unable to bounce at 10300 and drops lower than 10175 then its heading lower to the 9800/9600 area.

Im expecting BTC is going to dead-cat bounce upwards at the 10500 to 10300 area up to around 11500 and then drop back lower to the 9K area
Comment:
This head and shoulders down to 9400 hints that BTC can move lower
Comment:
This is also a bump and run

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.