Our Vix Fix Find Market Bottoms indicator is starting to build a floor.
Our RSI is extremely low on the 4-hour and we are seeing a potential double bottom pattern form right underneath a major area of resistance and where our last macro move up started.
Our KC has now been broken under and I believe we will see a pullback from here to re enter the channel.
I believe we'll retest our macro trend line from this point over the next week.
I may continue to add onto this position. It is cross-margined and has extra collateral backing it, along with my BTC trade I just opened.
Our RSI is extremely low on the 4-hour and we are seeing a potential double bottom pattern form right underneath a major area of resistance and where our last macro move up started.
Our KC has now been broken under and I believe we will see a pullback from here to re enter the channel.
I believe we'll retest our macro trend line from this point over the next week.
I may continue to add onto this position. It is cross-margined and has extra collateral backing it, along with my BTC trade I just opened.
