XBTUSD 4 hr Chart:Where will the blood end? Looking back in time
We are currently in this current range of $3550-$4498, with more downside on the horizon looking increasingly likely. We have yet to see a violent reaction that would indicate a bottom or reversal, so looking back to lat Aug-Oct may shed some light as to where we may find that. 3k seems all but certain at this point, but as each support broken becomes resistance, I'm starting to look more towards $2600-2800 for the potential big bounce. Trade safe out there folks.
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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.