Market situation is harsh right now but I don't expect a bounce at these levels : from 18.5k to 21.8k tonight was just a hunt to generate more liquidity for more shorting.
We have 50 Monthly EMA as support at 16.5k.
Weekly RSI at 26 and an expanding wedge same as on Nasdaq and SPX which I expect to make a move just a bit lower than previous lows and bounce hard Bogdanoff style.
In case it goes below this as a wick, might move to 15k and last support is 12.5k.
Plan : I start to buy btc and alts when bitocin touches 16.5k.
Thx, cheers )
We have 50 Monthly EMA as support at 16.5k.
Weekly RSI at 26 and an expanding wedge same as on Nasdaq and SPX which I expect to make a move just a bit lower than previous lows and bounce hard Bogdanoff style.
In case it goes below this as a wick, might move to 15k and last support is 12.5k.
Plan : I start to buy btc and alts when bitocin touches 16.5k.
Thx, cheers )
Note
Note
Still stuck in this zone. Wait for breakout or we go below 17k this time.
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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.