In my previous post I talked about the most likely region for bounce on BTC was 6200-400 and we got one here with a nice volume as well.
With being oversold from 1H to daily chart, I expect some sort of a dead cat bounce to around 6900-7k at the most. I doubt it will get higher than that before dumping back down again.
Using a tight stop and being cautious that BTC can roll over any time soon.
With being oversold from 1H to daily chart, I expect some sort of a dead cat bounce to around 6900-7k at the most. I doubt it will get higher than that before dumping back down again.
Using a tight stop and being cautious that BTC can roll over any time soon.
Note
Hard to get a count on this, but I think this will be forming a leading wave diagonal of some sort from the way it looks right now. Note
BTC is doing the ABC corrective pattern to around 7k before next impulse starts downwards. Note
Note
Well the SEC news made this dead cat bounce finish quicker. BTC is already starting to lose steam.
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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.