Ducatiman78

Ducatiman78

Meanwhile BTCUSDT 15min chart , Cyclic RSI has indicated OB signal x 3 which often signals a pending reversal. Although it might not be enough to halt this larger downward cascade into the 50k zone.

Ducatiman78

Does the CME gap matter any longer? Weaker momentem and dropping volumes indicste this 3rd push upwards might perhaps be just retail traders drinking too much "Le Trump" at the BTC Conference.

Ducatiman78

Target reached and support is broken which I wasn't expecting but did prepare for by withholding any premature long positions. Anyhoo, the next level I'm looking at is the 52k zone. Let's see if it bounces or breaks further down

Ducatiman78

Looks like BTC may dump further down into the 50K zone, as holders get nervous and take their profits while they still have them. Who knows? Not me but it's an interesting ride.