There is some aggressive selling (after a second retest) in the 7450-7500 zone while market makers have placed selling orders at 7500 on the orderbook.
This to me seems a dump to be imminent. Don't know where to, perhaps this whole pump was a fakeout, rsi seems oversold and there is a possibility bitcoin could be heading to 7000 to reconfirm the previous bottom before the rally to 7500.
This to me seems a dump to be imminent. Don't know where to, perhaps this whole pump was a fakeout, rsi seems oversold and there is a possibility bitcoin could be heading to 7000 to reconfirm the previous bottom before the rally to 7500.
Note
7300-7350 is a possible target. also 7000 is a targetNote
correction-> rsi is overboughtNote
there is no power in this rally anymoreNote
Another dump will start in approx. 4 hours towards next target 7250
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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.