.... of course, that is not a garantee that BTC is going to bounce from here. Only the likelyhood is bigger.
As I said in my post from yesterday, BTC is near important long term retracement level. The numbers are 7338 and 7698. What is new today, is that the RSI(14 ) is officially in oversold territory with a reading below 30. That all matches with a scenario...
According to this chart, the zone between 7338 and 7698 is important to watch. Both numbers are important .382 fibonacci retracement levels. For the took THE lowest point in the data on Tradingview (around $15 !!!!) , and last december's top to draw the retracement. For the second, I took the august 2015 low of 162 and last december's top. Both are long term...
