BTC: The End is Near!
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Two critical resistances which will act as new supports are labeled in green.
Critical Resistance Levels:
8750
7500
Buy Zone:
9000 -> 7600
Indicators to watch:
MACD / RSI: wait for these to reach lower levels as it did for A and C correction
Critical Resistance Levels:
8750
7500
Buy Zone:
9000 -> 7600
Indicators to watch:
MACD / RSI: wait for these to reach lower levels as it did for A and C correction
Nota
RSI is approaching critical oversold zone on 5 min chart.I have laddered in at 8500 support and will continue to do so if 7600 level is reached.
Currently expecting a double bottom at 8200 range.
Nota
Bottom found at 8000.Must break 10.2-10.3k range in order to break DOWNWARDS channel.
Will take profit near that zone and re-buy in if it fails the breakout.
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