I will be honest and say I did not think the 7k region would fall as it did. There are multiple silver linings though.
RSI: Extremely Oversold.
Fibonacci levels: .786 retracement is 5400 (which I believe is bottom).
At Support levels from back in April 2019: 5500-5000
There’s a pretty clear, albeit wide, trading channel here.
This is probably the lowest risk/highest reward trading opportunity you will find in Bitcoin.
If this channel breaks, look to buy at 4K as that would be BTC last stand.
RSI: Extremely Oversold.
Fibonacci levels: .786 retracement is 5400 (which I believe is bottom).
At Support levels from back in April 2019: 5500-5000
There’s a pretty clear, albeit wide, trading channel here.
This is probably the lowest risk/highest reward trading opportunity you will find in Bitcoin.
If this channel breaks, look to buy at 4K as that would be BTC last stand.