phil3500

phil3500

Many YouTubers and analysts have been talking about a big move coming for Bitcoin. Is this it? Or is it just the beginning? I think we will fall to at least retest 3500 if not re-establishing a bottom around 3200. The bulls simply did not have enough momentum and follow through around 4000. Furthermore we are overbought on the daily RSI. Volume is decreasing...

phil3500

While MACD and RSI are bullish, the STOCH RSI shows we have more room to go down. That said, this is a short-term play for me. Trying to catch a bounce and then exit due to market conditions. Ideally I would like to catch this at the bottom with better momentum. RISKS: Low Volume / Momentum / STOCH RSI / Market Conditions has everyone on edge about another drop...