Could this be a possibility for Bitcoin? Sure can be. Currently we are sitting on the .618 of the pullback range if we cant consolidate here and resolve bullishly this could definitely be a possible scenario. The POC is sitting right where the clone pullback is. We are getting low volume traded. The weekly chart does show signs of a bullish move off this .618 but that could be just a temporary bounce for a lower move. Im not convinced yet the this 7k are is the floor. I feel that we need one more big F%@# move lower to rid the bag holders that bought the tops and these "Rar rar bull" people on twitter . I think it needs to suffer some death for people to cry and when they cry I will buy.
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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.