LabyrinthCapital

$BTC 4H chart key levels and thoughts.

BITSTAMP:BTCUSD   Bitcoin
$BTC 4H: $BTC orderflow is very bearish rn. I think we should have a little relief pump to fill imbalance at the 45k range before dumping further. RSI very low on the daily indicating a bottom soon too, however I think a realistic bottom for BTC is around 37k or below. EMA21 and MA40 bearish on high TF's. I wouldn't long swings anytime soon until they cross. A good indication if we are bottoming out is if these MA's cross on daily. If BTCD keeps moving up Alts are going to bleed even more. I still see 28k as a key level we need to reach before we continue the bull run.
Feragatname

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