12H: Bullish divergence on RSI, 9°th TD count candle, rising from oversold.
Due to high volatility further wicks down are still possible (75-72k), but likely to end in a fake-out / bear trap.
Look out for support recovery and a likely short squeeze. Likely heading for a bounce towards 86k (90k), with volatility starting to wind down.
I think this week may seal an interim bottom. Next 1-2 weeks will tell.
DYOR - Good luck-
Due to high volatility further wicks down are still possible (75-72k), but likely to end in a fake-out / bear trap.
Look out for support recovery and a likely short squeeze. Likely heading for a bounce towards 86k (90k), with volatility starting to wind down.
I think this week may seal an interim bottom. Next 1-2 weeks will tell.
DYOR - Good luck-
Note
Possible bullish pennant.Let's see.
Note
85,3k reached. Very close to the first target.Note
First target reached at 86,5k.Now let's see whether there's room to move higher at/over 90k, after a cooldown.
Note
Close to top of channel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.