Hello Friends,
As seen on this chart, BTC looks to be making a new low.Yet we will see if this plays out when BTC hits main support. Stop loss just above support if you see this going down towards target. I can say that this will most likely happen given the fact that the weekly RSI isn't done moving down.
Just a reminder, we will most likely see BTC bounce on the smaller TFs; around main support and up towards 8120 and possibly higher, this most likely will happen throughout the next few hours, then down.
Details on the chart.
Cheers!
As seen on this chart, BTC looks to be making a new low.Yet we will see if this plays out when BTC hits main support. Stop loss just above support if you see this going down towards target. I can say that this will most likely happen given the fact that the weekly RSI isn't done moving down.
Just a reminder, we will most likely see BTC bounce on the smaller TFs; around main support and up towards 8120 and possibly higher, this most likely will happen throughout the next few hours, then down.
Details on the chart.
Cheers!
Comment:
This just now has developed.
Comment:
If this double bottom plays out. It would be a great opportunity for a short, if caught in time.
Comment:
That double bottom isn't gonna play out. Have a bearish RSI divergence on the 15 minute.
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