Still has more downside to 140.500 or might even hit the 140.00 that's the area I would be looking for a bounce to the 618, but at this point it's safer to be out until you see a good long entry.
This Bottom has been long and boring I'm expecting a bounce to the .618 around 50k then back down to 29k after that a retest of the previous all time high before coming back to test the 50k and finally breaking out and aiming for the 100k around the the bitcoin halving.
Hope everyone got loaded up at the bottom
Be careful if your Long don't forget we are still in a down trend the recent moves don't show much confidence with divergence on all 3 indicators and I believe a few whales will need some liquidity and they want better prices, take a look at the bitfinex longs only takes a few big sellers for them to be forced out at a low price and that will start a chain...
This is my Long term view most high volume crypto is a great buy right now with more up side then downside,
worst case BTC drops another 25% to around 21k but for long term holders this is a prime time to buy between 20-30k but not good for short term traders
in that case just wait for confirmation that the short term trend changes and then buy all the way to...
Waiting on earnings for 01/29/2020 but this is a highly over bought stock, traders need to take some profit and buy back good value (anything below 450) for this reason I am short to at least $440
