BTCUSD update - Looks the same

There's a lot of hype surrounding breaking the $11,700 mark, I'm just glad we didn't pull back to the next support line. I FOMO'd because I was afraid of missing the bullrun; gotta learn to leave emotions out!

• 2hr candle pulled up from the support line, I'm expecting sideways movement in the $11,300-$11,700 region (candle has yet to close however).
  
  
• If we stay below $11,300 for too long, I'm expecting our low to be $10,500.
  
  
• $10,500 might have even weaker support; since bears have won just now, bears will want to drive the price down further to stay in an accumulation phase before going for the bull run.
  
  
• Frankly, I'm surprised that we only dumped this much so far. Looking at RSI and MACD, I believe the bulls have lost their steam and a second dump is likely.
  
  
• Major resistance will come again as we approach $12,000.
  

Yorum:

Expect further drop!