BITFINEX:BTCUSD   Bitcoin
looking into the daily this is a potential long back to $13000.00 plus Region if we can get a proper setup around $8200.00 to $7800.00 area. Thats IF the setup occurs in this area , we can look at the 3 steps down on the Daily time frame RSI. If no setup around that region as listed , we can still see a bigger melt down to $6600.00 , if the setup occurs I can definitely see a $2000 move from $8000.00 to $10000.00 and plus as listed and more with more news from other crypto's such as Ether getting more value in countries like japan. I think this was a quick sell off last weeks crypto ban announcement in India and in the United Kingdom. Keep a look out for the long opportunity around these areas!

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.