BTC - It's hard to ignore the downside potential
Updated
We've got a nice oversold bounce playing out now that the 'lil-pump' from $ 7- 10K has been completely faded (and-then-some).
Bulls are looking to hold a higher low anywhere above ~$6500 and then break ~$7400 to start changing some trends on the 1-24 hour timeframes (from bear to bull).
My concern (for bulls) is we have so much space between the monthly lows (~3400s) and here... why not continue bleeding down?
I like pain. Holding knives blade-first..etc..
So I've scheduled a buy program via my trading app. Currently up to 4 positions can be added daily while the 15min RSI is below 50. Mental stops below $6500. I'll be interested to see if bulls can stop the bleeding.
Bulls are looking to hold a higher low anywhere above ~$6500 and then break ~$7400 to start changing some trends on the 1-24 hour timeframes (from bear to bull).
My concern (for bulls) is we have so much space between the monthly lows (~3400s) and here... why not continue bleeding down?
I like pain. Holding knives blade-first..etc..
So I've scheduled a buy program via my trading app. Currently up to 4 positions can be added daily while the 15min RSI is below 50. Mental stops below $6500. I'll be interested to see if bulls can stop the bleeding.
Note
Got some trend changes going here in favor of bulls. We have progress. Buy program still active.
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