we reached a critical support line in tandem with a 9 count at a doji candle on the 4H.
RSI reaching extreme low level.
Watch this level closely, if momentum indicator and RSI starts turning we should expect a bounce to at least the last support level which is 8800
I will update this idea regularly. Stay safe, traders!
RSI reaching extreme low level.
Watch this level closely, if momentum indicator and RSI starts turning we should expect a bounce to at least the last support level which is 8800
I will update this idea regularly. Stay safe, traders!
Comment:
There is a 2000 BTC buy wall at 8200 on bitfinex. We are less likely to go lower than 8200~8100. So this range is a perfect buy opportunity.
Comment:
We are at the 50 day MA and saw a 13 count. It strengthens the probability of a bounce here
We are at the 50 day MA and saw a 13 count. It strengthens the probability of a bounce here
Comment:
It is happening. If you miss it wait for some small retrace back to the downside and go long
Comment:
We are squeezing in the lower time frames and trading in a triangle. Breaking out of this triangle to the upside will very likely lead us to 8600.
Stay safe, traders!
We are squeezing in the lower time frames and trading in a triangle. Breaking out of this triangle to the upside will very likely lead us to 8600.
Stay safe, traders!
Comment:
Also, NASDAQ and S&P is rallying up. Bitcoin might have correlation and follow.
Comment:
called it. We can ride this up until 8800.
Comment:
We just bounced again at the 50 day MA. The count to the downside is already an 8. We should see a legit rally up pretty soon.
We just bounced again at the 50 day MA. The count to the downside is already an 8. We should see a legit rally up pretty soon.
