Small bounce
we reached a critical support line in tandem with a 9 count at a doji candle on the 4H.
RSI reaching extreme low level.
Watch this level closely, if momentum indicator and RSI starts turning we should expect a bounce to at least the last support level which is 8800
I will update this idea regularly. Stay safe, traders!
RSI reaching extreme low level.
Watch this level closely, if momentum indicator and RSI starts turning we should expect a bounce to at least the last support level which is 8800
I will update this idea regularly. Stay safe, traders!
Note
There is a 2000 BTC buy wall at 8200 on bitfinex. We are less likely to go lower than 8200~8100. So this range is a perfect buy opportunity.Note
We are at the 50 day MA and saw a 13 count. It strengthens the probability of a bounce here
Note
It is happening. If you miss it wait for some small retrace back to the downside and go longNote
We are squeezing in the lower time frames and trading in a triangle. Breaking out of this triangle to the upside will very likely lead us to 8600.
Stay safe, traders!
Note
Also, NASDAQ and S&P is rallying up. Bitcoin might have correlation and follow.Note
called it. We can ride this up until 8800.Note
We just bounced again at the 50 day MA. The count to the downside is already an 8. We should see a legit rally up pretty soon.
Kidze
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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.