How I'm seeing things
Looking at price action and not seeing much from the buyers. RSI is oversold and we are in a serious buy zone yet volume is next to none. Dangerous times for BTC. I'm keeping my eye out for a good short entry but also watching out for buyers around $6,500-$6,700. With where we are we could see a flood of buyers at any moment, but if we don't I'm anticipating a slow and drawn out move to $5,300-$5,500. Don't get caught in a bad short or a bad long. This area is not a good spot to be caught in a bad trade.
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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.