bubbleisthere
Short

bitcoin bear scenario , maybe a possibility............

POLONIEX:BTCUSDT   Bitcoin / Tether USD
pa 1,2,3 are showing same trends formation , is a good prob. to end up at these three blue lines .......
Right now volume is shit , no good activities happening can end up in retracing to 7400 or below range easily
Trade active: can go down easily to rsi less then 30 wait for it , before taking any entry positions
Comment: 2 cases comes for rsi less then 30:
1. will reach 7800-7600
2. will reach less than 7000 upto 6700(may not breach to new low w.r.t feb low or march)......
Comment: I think the correction is done .............
Comment: IT will be at this range for 2-3 days , maybe or will shoot up start accumulating btc and alt-coins

Comments

case2 is possible 6850 is level to see else 6500 is fixed .........

rsi in oversold region big time can see a shock to down maybe 6800 else if , fell down below this rsi then dont enter at all

just wait for some proper support ground making for 3 to 4 days, atleast and wait for good retrace to 40 above level then only enter (new high), will have plenty of upside gains after new high....
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