Sam111

The bear market might have another leg down

BITFINEX:BTCUSD   Bitcoin
If we look to the 2015 bear cycle we touched RSI 30 (on weekly) for the first time at around this price level (3400) .If we modelate that price action ,we might go back up anywhere between 4500 -4900 before final capitulation (and touch or go under 30 RSI on weekly for the second time) . The volatility will be insane ,leverage not advisable .GL

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.