BTC Correction, Possible Bounce Area
Updated
BTC bounced once on area 1, but lack of volume and unable to break up last bear candle.
If, BTC break and close under 9600, we might go under 9000.
8700 looks strong enough to hold.
ALTs looks very bearish right now, better stay away and wait until BTC break out from the correction wave.
If, BTC break and close under 9600, we might go under 9000.
8700 looks strong enough to hold.
ALTs looks very bearish right now, better stay away and wait until BTC break out from the correction wave.
Note
Typo : 9400 not 9600.Note
BTC tested the support area 1 more time, it bounced, buy volume is slowly coming back, candle close a pinbar (a bullish candle), however, its not close above the previous bearish bar. BTC still needs to close above 9850 for confirmation.
side note : ETH, LTC, XZC looking good.
Note
Seems like btc will continue the journey to upside.
Long term target 16.800
Note
Currently, BTC nearest resist is 10.250 (was hit), 10.380 and 10.920
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