Hello guys.
I'm trying to post this as fast as I can to help you guys react to BTC.
Short term : It dropped to 8250 to a very strong fib level, I expect a small bounce around this area. RSI is oversold on every chart except the daily where it still has room to drop.
Good territory to enter and scalp a bit.
Long Term : We're really not out of the waters, even though I think it's highly unlikely that we will respect this huge down trend channel ( because the low now is around 2000), we're definitely going to try to at least retest 7000 levels, and on the extreme case the 6000 retest.
I think everything will be good in 3 days when G20 summit is over. But that is just my opinion.
Good luck all
I'm trying to post this as fast as I can to help you guys react to BTC.
Short term : It dropped to 8250 to a very strong fib level, I expect a small bounce around this area. RSI is oversold on every chart except the daily where it still has room to drop.
Good territory to enter and scalp a bit.
Long Term : We're really not out of the waters, even though I think it's highly unlikely that we will respect this huge down trend channel ( because the low now is around 2000), we're definitely going to try to at least retest 7000 levels, and on the extreme case the 6000 retest.
I think everything will be good in 3 days when G20 summit is over. But that is just my opinion.
Good luck all