Following my last post BTC broke the trend line and has approached the blue line as shown on chart.
Now for current scenario:
Wicks are meant to be filled, and as we've witnessed in this chart also wicks are getting filled even if it takes a month or two.
One is remaining and once it gets filled we'll arrive at a key zone (33k-32.5k) and can expect a rebound from from that key zone. If this yellow zone is also broken then 28k is incoming.
RSI during this key zone will also be expected to give an oversold sign, so a rebound can be expected.
Stay safe and always use stop loss.
Accumulate during this zone!
Now for current scenario:
Wicks are meant to be filled, and as we've witnessed in this chart also wicks are getting filled even if it takes a month or two.
One is remaining and once it gets filled we'll arrive at a key zone (33k-32.5k) and can expect a rebound from from that key zone. If this yellow zone is also broken then 28k is incoming.
RSI during this key zone will also be expected to give an oversold sign, so a rebound can be expected.
Stay safe and always use stop loss.
Accumulate during this zone!
