Look for a set of corrective waves. This sort of RSI drop following bearish divergence indicates that the bitcoin price is in for a significant correction. I expect a bounce along the way before it finally bottoms between $4600 and $4400.
If $4400 does not hold I expect a test of $4150, if that does not hold $3650 should be the lowest price that one can still trust to hold before looking at lower lows like $2950.
I expect to see at least 2 more months of bear market. For someone interested in accumulation, it would probably be best to check back on things in about 4 weeks.
Be a responsible person and make your own decisions about where to put your hard earned money. I am not a financial adviser and this is not financial advice.
If $4400 does not hold I expect a test of $4150, if that does not hold $3650 should be the lowest price that one can still trust to hold before looking at lower lows like $2950.
I expect to see at least 2 more months of bear market. For someone interested in accumulation, it would probably be best to check back on things in about 4 weeks.
Be a responsible person and make your own decisions about where to put your hard earned money. I am not a financial adviser and this is not financial advice.
