In my previous post I talked about the most likely region for bounce on BTC was 6200-400 and we got one here with a nice volume as well.
With being oversold from 1H to daily chart, I expect some sort of a dead cat bounce to around 6900-7k at the most. I doubt it will get higher than that before dumping back down again.
Using a tight stop and being cautious that BTC can roll over any time soon.
With being oversold from 1H to daily chart, I expect some sort of a dead cat bounce to around 6900-7k at the most. I doubt it will get higher than that before dumping back down again.
Using a tight stop and being cautious that BTC can roll over any time soon.
Commento:
Hard to get a count on this, but I think this will be forming a leading wave diagonal of some sort from the way it looks right now.
Commento:
BTC is doing the ABC corrective pattern to around 7k before next impulse starts downwards.
Commento:
Commento:
Well the SEC news made this dead cat bounce finish quicker.
BTC is already starting to lose steam.
BTC is already starting to lose steam.
