After a bounce on the resistance, and a breakout of the support, the btc price dumped all the way down to 5,9 levels. The price was bought back up to 6k, and established support.
The dump crossed the ichimoku cloud, signalling start of (long term) bear trend.
The godmode also gives an indicator of the oversold/overbough condition, showing a clear oversold...
The price of Bitcoin/USDT followed the bear channel until it made a fakeout down to 6.4k, and was bought up back up to the main support level (7.3k today, and increasing.) Note that we bounced on the fib line, and could possibly come back down to this level if current support doesnt hold, as it is showing overbought on all indicators. I would recommend putting a...
The other post i was describing how a bounce could happen on the support..
It has now broken it, i hope u guys put your stop loss on.
It resisted the upper fib, broke the crucial support, and now broke the lower fib line. Catching this knife could be a risky.
Bitcoin has taken a small hit the last days, failing to withstand the fib support. It will come down to the next crucial support, shown with the blue line. A bounce is likely.
The bounce will only be a small part of the larger wave 1, after the painful corrective waves.
