JohnDice

JohnDice

key levels of this BTC drop. Red diagonal line is the lowest possible price I expect in the short term. It is the downward channel since the beginning of May yellowish brown horizontal represents psychological levels

JohnDice Updated 

Market sentiment doesn't seem strong. We see adequate volume form the left shoulder, and continuously decline as the head and right shoulder are formed. Neckline has broken and been plagued with bearish flag formations. There is also a wide spanning hidden bearish RSI divergence. The head and shoulders target is around $5800 but I plan to use capital management...

JohnDice Updated 

We saw a bullish divergence and bitcoin approach oversold RSI on the daily, leading a small bounce from ~$7050 region to ~$7500. Neither bear nor bull volume have been extreme, but we saw decent green volume on the bounce. I think it is good enough for a short term bull (trap.) The blue arrows represent my likely scenario, purple lines represent unlikely, and...