This would be the finale of a nasdaq-style BTC bubble burst.
The sell-offs would become slower, but bounces too.
The purple dashed line represents a possible longer term reversal from the ~4-5k bounce and the red dashed line represents the worst case scenario "breakthrough", from a bounce at ~2k.
Any proper bounce should happen when RSI is oversold on the daily.
The sell-offs would become slower, but bounces too.
The purple dashed line represents a possible longer term reversal from the ~4-5k bounce and the red dashed line represents the worst case scenario "breakthrough", from a bounce at ~2k.
Any proper bounce should happen when RSI is oversold on the daily.