BITCOIN - Bounce Incoming
Updated
BTC finding support on the 1:0.618 ABC projection.
4H RSI oversold for first time since early December collapse.
Should find some sort of bounce from here that will be reflected in many alts.
Not advice.
4H RSI oversold for first time since early December collapse.
Should find some sort of bounce from here that will be reflected in many alts.
Not advice.
Note
Finding support on the 200DMA again.Note
Press play and see the wicked fakeout down to the trendline and through SOW in D support. This will have taken out plenty of stop losses and even more chance that the reversal will happen in this area. It is looking more likely that it will be a weak bounce, but some alts may bounce or moon in that time.
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
Related publications
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.