BTC drop should be contained by the 89 DWMA (brown). However, the daily volatility implies that it may well overshoot 89 DWMA currently @$3655 all the way down to $3270-3375 band of support.
https://www.mql5.com/en/charts/7613146/btcusd-d1-fxopen-investments-inc
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Thanks for this very up to date post!
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Srezz, one weird question, may be.
How much is the probability for this TA to become wrong/null & void.
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up to 20%
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Thanks Srezz, appreciate it.
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Bounce on Bitfinex was from $3731.70 :)
... for now, at least. Like you, not convinced this was the real bottom yet, though. I'd like to see a proper panic sale like on July 16th to feel we're over the catharsis and ready for the next chapter upwards.
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It's on my chart as the first line of support (first blue dotted horizontal line). Go by the link to see it properly.
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srezz, what do you think is more likely...market bouncing off the 89 DWMA at 3655 to start the recovery or dipping further to the next support levels? thanks!
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do not have a crystal ball but volatility implies continuation of shifting down.
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What's the new target now that's it's below $3270?
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