BTC likely has a technical bounce likely coming. but from where?
Want to draw your attention to the purple line. the cpr or central pivot zone. notice how price reverts either direct to strike these levels reguardless if price continues or reverses. This same thing happens on daily cprs, weekly, and monthy cpr with over a 90% rate of occurance.
This chart is projecting the future weekly levels. it is possible that the reversion happens prior to the close. or following... likely from the coming L3 which right now is at 31k
These types of bounces reguardless of how frequent are hard to play because the developing or "next level" s they are labelled on the chart is hard to be sure of before they are set in stone.
That being said dca is a possible stradegy. Currenly the incoming cpr levels are 2 to 4k higher than this price point. So I would expect a bounce from these regions or 30 / 31.5 up the where the new central pivot is formed upon the weekly close.
This chart is projecting the future weekly levels. it is possible that the reversion happens prior to the close. or following... likely from the coming L3 which right now is at 31k
These types of bounces reguardless of how frequent are hard to play because the developing or "next level" s they are labelled on the chart is hard to be sure of before they are set in stone.
That being said dca is a possible stradegy. Currenly the incoming cpr levels are 2 to 4k higher than this price point. So I would expect a bounce from these regions or 30 / 31.5 up the where the new central pivot is formed upon the weekly close.