BTC is looking for a new bottom ?

Updated

Where are we heading?

My strategy will consist of two purchase orders at 6900 and 6300 with liquidation below 6 thousand, if we go below 6 k I'd start a dollar cost avarage untill 1k and hodl :)

Now the daily RSI shows a divergence as in November 2018, therefore a rebound is possible.

Share your opinions pls!

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something like that

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We all expect a rebound but ehy !

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looking at RSI and trend line ,

to be fair, a 1.2k movement could not be seen from the end of consolidation to 3.5k, we will see, my possible target is 6.6k, it would be great, no position open until the trend line break out

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it looks like we have hit bottom, but there are a couple of clues that might make you think otherwise

the big trend in the weekly chart has been broken and the RSi does not appear oversold

the lack of volume seems to me to be relevant

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we are at a critical point let's see what happens

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I'm satisfied even though I don't have a full long position yet, the chart is reliable imo, RSI and volume still don't make me think of a rebound and this is quite worrying for BTC , i try to open a first little long position

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bouncing from the trend line

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retest of the trend line if go lower i keep adding to my long :)

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8.8k lev touched

Glickwarlock

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