Seems like the pattern continues as described in my previous ideas (linked below)
I don't think that this drop is quite done yet. We have seen BTC hit 47k again and LTC wicked down (at least on binance) to 205.
Based on the bear flag breakdown, I think we will revisit these levels and hit that oversold RSI that I mentioned in my previous idea at around the 180-195 level before (hopefully) bouncing back up to complete the Top > Flag > Bottom pattern.
Based on previous dips below the 99 EMA, I think we will follow the 25 EMA down to the bottom perhaps opening some opportunity for *RISKY* choppy day trading.
Good luck all. Let's make some money on this dip!
NFA
I don't think that this drop is quite done yet. We have seen BTC hit 47k again and LTC wicked down (at least on binance) to 205.
Based on the bear flag breakdown, I think we will revisit these levels and hit that oversold RSI that I mentioned in my previous idea at around the 180-195 level before (hopefully) bouncing back up to complete the Top > Flag > Bottom pattern.
Based on previous dips below the 99 EMA, I think we will follow the 25 EMA down to the bottom perhaps opening some opportunity for *RISKY* choppy day trading.
Good luck all. Let's make some money on this dip!
NFA
