There is a bullish divergence forming on the btc daily and 3-day chart: The RSI has been holding up while price has been going down.
Drawing the rsi as price into the chart shows that bears have pushed the price 600$ below the expected price.
If there is a bullish momentum forming then this should be the minimum range for a rebound. If it turns out to be a trap again the downside should be similar.
There is a lot of energy in the chart now to make a move.
Drawing the rsi as price into the chart shows that bears have pushed the price 600$ below the expected price.
If there is a bullish momentum forming then this should be the minimum range for a rebound. If it turns out to be a trap again the downside should be similar.
There is a lot of energy in the chart now to make a move.