Woke up to BTC Coinbase flash crash down to 6600 but bounced back nicely to 12000's. Selling volume was already high but continues to be fairly strong. Can we go to £10000? 4hr Stoch RSI showing oversold so not sure but 11000 definitely in play with 0.5 Fib level at 11350 and possibility for more selling momentum if we break through 11000. Patience at this point...
My first post anywhere related to trading as I'm really here to learn but I have been following this chart for the last day on the 4hr and 1hr time-frames to see which way it will break. Triangular patter was drawn in the wee hours before the break. Stoch-RSI, RSI and CCI all show overbought on the day frame so very likely to have some strength on the way down....