Well I hope everyone has been having good luck with trading recently. I've noticed my previous ideas are correct although the time frame wasn't precise so my apologies, but hope the info has provided help to some at least!
Anyways looks like we've reached our relaxed zone of ~$6,000. I honestly didn't expect this much sideway action, but it's making me think we're waiting for another HUGE pump. Although if we stay here for a couple more days and can't push upwards of $6,500-$7,000 I'm thinking we're going to fall progressively. We're definitely making lower lows on the RSI, but I believe it'll start pushing up after another dip or two around ~30. If we do dip again I'd expect a quick rise afterwards though because we've already lost quite a bit of value, so a bounce back up is bound to happen quite soon. After this next move I'll wrap up this trading concept and move on to a variety of currencies posting more frequently!
Please leave a like, and a comment below if you have any ideas or disagree/agree!
Anyways looks like we've reached our relaxed zone of ~$6,000. I honestly didn't expect this much sideway action, but it's making me think we're waiting for another HUGE pump. Although if we stay here for a couple more days and can't push upwards of $6,500-$7,000 I'm thinking we're going to fall progressively. We're definitely making lower lows on the RSI, but I believe it'll start pushing up after another dip or two around ~30. If we do dip again I'd expect a quick rise afterwards though because we've already lost quite a bit of value, so a bounce back up is bound to happen quite soon. After this next move I'll wrap up this trading concept and move on to a variety of currencies posting more frequently!
Please leave a like, and a comment below if you have any ideas or disagree/agree!
Comment:
Well there's that bounce!
Comment:
The more I look at these charts I'm thinking this looks awfully close to April 2nd-3rd. Maybe one final dump?