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dRends35
Dec 29, 2021 12:13 AM

BITCOIN - Bounce Incoming Long

Bitcoin all time history indexINDEX

Description

BTC finding support on the 1:0.618 ABC projection.

4H RSI oversold for first time since early December collapse.

Should find some sort of bounce from here that will be reflected in many alts.

Not advice.

Comment

Finding support on the 200DMA again.

Comment

Press play and see the wicked fakeout down to the trendline and through SOW in D support. This will have taken out plenty of stop losses and even more chance that the reversal will happen in this area. It is looking more likely that it will be a weak bounce, but some alts may bounce or moon in that time.
Comments
alibadshah88
thank you.
bed87
When bounce? I want to get rid of this already
bed87
Where will we bounce to? Price-wise
CrashWhen
@bed87, I think 57k-60k (.618 from 69k-42k) forms LPSY of his Wycoff Schematic 2 thread. It's in his related ideas
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