I think thanks to the fact that BTC is oversold and out of the descending channel and breaks it below the reverse down trend we are likely to see the change in trend which i believe we’ll see this in days and weeks coming…there are possible targets that BTC can move up to but thanks to the sentiment and macroeconomic situation i don’t think we can be bullish at this point but rather some squeeze to the upward. Nasdaq and dow jones have also similar pattern by oversold state which BTC usually correlates with these 2. In the other hand in BTC we are in the situation that most of selling pressure has been applied and we are in strong resistance which i think BTC will at least touch the 20 EMA on daily chart… Lets see if its gonna work out… Always a student.
I need to emphasize that if we would have lower low which means lower than 20008 $ then this scenario fails…its valid if BTC would not be able to make lower low.