Contrary to market sentiment and twitter personalites.
Review my previous charts. If price support fails st the 12hr BB(987) fails then we are looking at a huge bearish trend.
$BTC - no support at this level - $6000 next possible buy zone.
BTC/USDT DESCENDING DAMPED SINE WAVE pattern
Green arrows indicate possible tops and bottoms. REF:
According to the pattern there will probably be another dip prior to next bullish run. Careful on the longs.
The bounce occured PRECISELY were my chart anticipated it would. Let's see if it holds.
REF: 12hr BB(223,close,2) BOTTOM
Nothong good about 12hr BB(987) basis fail.
We will know within the next few days whether the bottom will truly fall out of the market.