Well... That was quick.. At this moment RSI is massively oversold (14), and we made a long way down, so a temporary bottom could be in. This way up? Welcome to the bearshow everybody. It will take some time to regain momentum and make a nice set-up, but if cathing knives is your style, this would be a nice moment. What would be bullish? If we close above 52K and this was a big trap. Sure as hell that a lot of people are flushed out at this moment.
Trade with caution.
God is love,
RW10
Trade with caution.
God is love,
RW10
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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.