Updated

Buy Zones to keep an eye on

The 1st buy zone where there likely will be a probable bounce is where there are 3 supports coming into play. The 1st support is the June 2017 3k top and Sept 2017 dip test of support. The 2nd support is the 200 weekly simple moving average. The final and most interesting support is the algorithm bots that sold at 17k have buys around $3360. Also, the Weekly rsi is hitting near all time lows which could also be a sign the bears are losing strength and momentum. If for some reason this area doesn't hold the 1200 range should be the next area to accumulate. If your're a long term investor and believe in bitcoin these buys should be great areas to accumulate.

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On the daily chart BTC is seeing bullish divergence on the RSi with weakening sell volume while prices continue to drop. Strengthening the idea that the lower 3k range should be pivot.

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Just looking at ATH prices RSI was the highest ever at 16k then RSI dropped to a lower high when BTC hit 20k.

Now BTC hit a record low daily RSI and this could be a dead cat bounce then to lower lows with a higher RSI.

Something to just keep an eye on....

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Also, I wouldn't be surprised if it went up more before dumping down to show strong bullish divergence

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BTC is getting very close to buy zone. Bullish divergence on RSI is strong. There should be a bounce coming soon after this last dip

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Shorts at ATHs and btc hit algo target. Those bots that sold at 17k are now back in. It may still go a little deeper. There's a falling wedge pattern that looks to be forming right in the buy zone area.

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Falling wedge almost complete. Bullish divergence strong on rsi and macd. There should at least be a relief rally I think once we hit that buy zone area.

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I forgot to include volume is decreasing while price is falling which indicates a reversal will be coming in the near future.

AmazinRaisin

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AmazinRaisin