I think that we gonna fall a little more for an oversold and more institutional accumulation.
Comment
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We got oversold and market-makers decided to do some effort up so they could get better volumes and prices to short and a better look for oscillators. BTC may trade below 5,6k this week.
Trade active
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As we are still on the time span and also fighting resistance levels from previous tests, RSI just got exactly like 01/28/2018, last major bear rally. The time to start mounting a short position may be now.
Order cancelled
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It seems shorts gone ATH and became too profitable to professionals and specialists to not short squeeze the herd, maybe removing Spring from the classical chart and starting a run to 9600+ Zone of Control.
So, although we still did not got that oversold, this failed swing on RSI could mean we are now bullish and on end of the Phase C.
On other scenario, Spring just have been trimmed and Phase C still lives expecting tests on 7600~7350.
Since 12th day, it is bouncing on Feb 6 support. Now it broke up ATH res. Also, once price tank, it re-toke the projected green pattern, what would mean a fail breakout and bear rally next.
datctbk
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hope it is currently accumulation. is 73xx is string? lol