as we can see 3718 cannot hold bearish movement at BTCUSD, right now there is no near support to hold this free fall. The last support at 0.618 fibonacci retracement, and this level also same point with classic support and resistance at 2984 if this level break down too, final destination at mean line around 2384
Will we see another retrace down to test this $2900 level again or lower do you think? Or have we recovered and moving back up to bullish push up?
GoingDutch
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@MoonshotFarm, That is something only time can tell, there are no clear indicators pointing any direction right now. Saying it would go either up or down from now is gambling and not analyzing. If I only have my gut feeling to trust tho, I would say we have touched our bottom. But I dunno :)
fritalin
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Hi.
Do you believe we will enter a bear market now? On the higher timeframes it looks like btc is going to make a massive head and shoulders when it bounces.
12wao21
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Any update?
Lenard22
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Hi Kemala, any new updates on BTC? Thanks!
IAmSpartacus
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Thanks for the analysis!
Do you think we're entering the bull trap phase? Maybe the last big turn to the upside before a return to the mean?
Fahadafzal
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you were spot on i am glad i listened to you.
drsguy437
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Could this be the oversold bounce that leads into a bull trap for a deeper correction?
personemail
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@drsguy437, I hope so. I haven't bought a lot. Will it be?
drsguy437
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@personemail, we should get our answer in few weeks time. I bought some this morning but have capital on the sidelines if there is cheaper prices to come. Maybe Jamie Dimon or some other fool can try to take prices down again. This is why I don't trust guys with a girls name.