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moneypenny275

BTC - HUGE Correction - Stoichastic Ripe!

Bitcoin (COINBASE:BTCUSD)  
moneypenny275 Updated   
COINBASE:BTCUSD   Bitcoin
Beyond Technical Analysis
5
0
beyondta
STOICHASITIC (in yellow) CAN'T BE IGNORED.
It's nearing the 100 threshhold. The last time this happened BTC corrected -84%.

Support (in pink) at 18.4K.
Comment:
snapshot
SCENARIO TO $18.4k:

At/near 26.8k, look for 2H stoichastic to approach zero, as indication of poss bounce. A good bounce at 26.8k could present itself as (a poss false) recovery.

IF it starts to run, be cautious, a flase bull run may show weakening near 32.3k (20%)

IF it falls at ~32.3k look for BTC to make lower lows with minor bounces (in faded pink area) all the way to 18.4k area.
Comment:
Weakening could happen at 32,249
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