THIS COULD BE IT! I anticipated this move in one of my last updates...
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Nobody can say for certain that the correction is over until BTC creates a new all-time high, but as far as my count goes, there is a possibility that this correction is OVER.
We only have to re-evaluate, if BTC breaches 3122$.
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The main trend still remains down. However, the flattening 20-day EMA and the RSI in the neutral territory show that the short-term trend is changing. The next leg down will give us a better idea of whether a bottom is in place, or if this is just a relief rally.
what do u thin about it?
follow me for more crypto ideas
I followed u instantly.
happy trading
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I think that people should not use RSI and EMA strategies, because it is not possible to trade successfully in the long term with theese tools. I tried it for more than a year in the beginning of my trading career and failed miserably.
Yes, the next leg down is going to be very important and could confirm a change of trend.
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I think until it breaks 6k and holds. I would be far from calling this correction over.
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I do hope that $3200 was the bottom but only time will confirm this. One hell of a ride in BTC over the past year.
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