I know everyone is panicking, fear is present, blood bath on alts, ...
But when I look at the charts, I see a few bullish signs:
-sell wolume keeps going down, bears tired ?
-RSI on the 6h, 12h, 1d & 3d oversold.
-ABCDE elliot falling triangle wave correction in a rising market.
If we clearly break the support, then I will be bearish but until then I will stay long on BTC.
As always, it is one possible scenario, stay safe and happy trading!
+ Feedback appreciated :)
But when I look at the charts, I see a few bullish signs:
-sell wolume keeps going down, bears tired ?
-RSI on the 6h, 12h, 1d & 3d oversold.
-ABCDE elliot falling triangle wave correction in a rising market.
If we clearly break the support, then I will be bearish but until then I will stay long on BTC.
As always, it is one possible scenario, stay safe and happy trading!
+ Feedback appreciated :)