When you are fearful, zoom out...secular channel intact. Short-term bear channel, bounce overdue. This is the longest data trail on BTC you can find on chart platforms. Many says the 200 WMA has never been violated, wrong...2015 it was trading below for couple of weeks. Nevertheless stop looking for fractal and base your analysis on the present and technicals.
- Channel still intact
- RSI at the bottom
- Stoch RSI oversold
- Trend is slowing down
Now we wait for the signal. High volatility is normal at the bottom as people is still panicking, but only few are left to panic.
Another flash dip to 17k wouldn't surprise me, just stick to support, resistance, channel and trendlines and you will do well and stop trying to predict the market. (probabilities, always)
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- Channel still intact
- RSI at the bottom
- Stoch RSI oversold
- Trend is slowing down
Now we wait for the signal. High volatility is normal at the bottom as people is still panicking, but only few are left to panic.
Another flash dip to 17k wouldn't surprise me, just stick to support, resistance, channel and trendlines and you will do well and stop trying to predict the market. (probabilities, always)
FOLLOW ME, SHARE, LIKE AND COMMENT
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