As I mentioned in previous posts, the bearish divergence is currently playing out:
It's still a bit soon to conclude anything, but I expect (at max.) to stabilize around 6800$ after shaking out weak hands. The RSI bottomed out in 1H timeframes, so I expect a little rebound before another leg down (if!).
If bulls fail to defend the 6800$ support (a decent one have to say), might we have another battle at our yearly support around 5800-6000$.
Happy Trading!
Thanks for reading!
bad candle but I think that we go for last dip EVER.
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I hope the price go down more to start to buy. We will know that to do in 2-3 weeks
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In my opinion (if you're really playing long term), the best is to DCA.
regards.
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Absolute overreaction to the Goldman Sachs news. Good news has no effect and even tiny negative news spooks everyone. We will recover #hodl
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Things that happen in bear markets. Hopefully we're at the last stages.
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Things that happen in
Bear markets. Hopefully we're
At the last stages.
- fcalabuig
I'm a bot. I detect haiku.
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mmmm... don't feel that confident yet.
This 'dip' was necessary... but now the price needs to hodl at that level. If we go down like we did in August... well, I see us retesting the yearly levels soon.
Fingers crossed.
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good analysis
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