BTC - Longer term Scenario (40% MOVE)
If we are to get a significant breakout from these levels to the upside then here is what you should look for. So far we can see that our 200 MA (Yellow line) on the 3D is highly significant. It was our old floor before we fell through it which means technically it could become our new ceiling. Therefore, do not be surprised if we have around a 40% move to the upside to squeeze the shorts before continuing lower. Also I added the 3D RSI and so far we are bouncing perfectly from oversold conditions.
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