BTC NASDAQ style
This would be the finale of a nasdaq-style BTC bubble burst.
The sell-offs would become slower, but bounces too.
The purple dashed line represents a possible longer term reversal from the ~4-5k bounce and the red dashed line represents the worst case scenario "breakthrough", from a bounce at ~2k.
Any proper bounce should happen when RSI is oversold on the daily.
The sell-offs would become slower, but bounces too.
The purple dashed line represents a possible longer term reversal from the ~4-5k bounce and the red dashed line represents the worst case scenario "breakthrough", from a bounce at ~2k.
Any proper bounce should happen when RSI is oversold on the daily.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.