bear bull fight continues

drops are getting larger, as are the bearish volumes. There is a lot of dumping going on - often an indication of forthcoming pumping.

Some good resistance approaching on price (~8300).
4hr RSI support and oversold.

• Daily RSI still has a possibility of oversold double bounce
  Daily StochRSI has some sapce left to go down
  Daily MACD has just completed a bearish crossover.
  

Aiming for an entry in the pink box seems wise and a bounce of some description is likely to occur, but I am still looking at revisiting the last bottom and seeing the $5400 resistance tested.

As I have said before, its a long way down and much can happen on the way.

Caveat:I am not a professional trader or adviser. Do your own research before making any trade. Never trade more than you can afford to loose.

İşlem kapandı: hedefe ulaştı:

Target reached faster than expected.

• MACD Daily just had a steep bearish cross over. Last 3 times it crossed at such an angle it was part of BTC devaluing by (in chronological order) ~30%, ~40% and ~60%.
  
• The RSI is still going down. The double bottom on price occurs AFTER the RSI is trending upward. So bottom is not yet reached.
  
• Previous 4hr RSI bottom: 23rd Feb. Price bottom: 25th Feb.
  
• 5 consecutive days of red candles
  

I will not be entering here