BTC Bounce?
Hi everyone this is my analysis on BTC today.
BTC looks like it could bounce off the 20000 support this is the 3rd time test and it still looks bearish so I wouldn't be surprised if it broke this support and test the lows again 19000 somewhere around there.
BTC has a red spot on the Crypto trend and in the bearish zone on the stochastic on the 4h, on the daily it has just got a fresh red spot.
Short term- it does look like it Wants to have a little bounce up to about 20500 with the stochastic pointing upwards and so is the Crypto trend.
Overall- I can see BTC sticking in a range of 20000 and 20500 but if it gets a 4h close below 20000 then i can see more downside.
Let me know your thoughts in the comments and like my idea.
BTC looks like it could bounce off the 20000 support this is the 3rd time test and it still looks bearish so I wouldn't be surprised if it broke this support and test the lows again 19000 somewhere around there.
BTC has a red spot on the Crypto trend and in the bearish zone on the stochastic on the 4h, on the daily it has just got a fresh red spot.
Short term- it does look like it Wants to have a little bounce up to about 20500 with the stochastic pointing upwards and so is the Crypto trend.
Overall- I can see BTC sticking in a range of 20000 and 20500 but if it gets a 4h close below 20000 then i can see more downside.
Let me know your thoughts in the comments and like my idea.
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