kmconnell

kmconnell

- Extreme oversold on RSI (sub 20) - Nearing bottom of bearish pricing channel (~5,980) - Strong support from 11/2017 levels (5,400 - 6,100)

kmconnell

BTC is following a bearish flag channel lower. Looking for a turn south at 13,800. I expect it to challenge the recent low at 11,800 and head for 10,800 with a break from there. There is a confluence of support at 10,800, including the 200 DMA and LT trend support, which should require a few tries. Should 10,800 break, 8,700 will be the next stop lower. If on the...