TheChartGuys

BTC Bloodshed continues

COINBASE:BTCUSD   比特币
Faked out last night on what looked like a temporary bottom, the bears are still in complete control.
This more slow and steady dump is allowing for it to be prolonged, rather than a fast flush with a volume climax.
Watching multiple exchanges and waiting patiently for signs of a morning low being set.
Lock in some profit on the bounces to allow wiggle room and small profit/ break even in case we see bears keep control.
Cash is a wonderful position this morning, and all of our time frames tell us an oversold bounce is not far away.
Daily RSI hitting the most oversold we have seen in a long time.

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