BTC - Overselling Again, Similar to 7/26 Low

١٩ أغسطس ٢٠٢٢

Ok, we now have a break and new low, so a correction is highly probable, especially with the speed of the selloff creating an overselling move. Usually, that can mean a strong relief bounce.

٢٠ أغسطس ٢٠٢٢

ملاحظة

Prices reached this support line just now.

٢٠ أغسطس ٢٠٢٢

ملاحظة

that would be the 3rd confirming touch on this support level. That could give prices a boost in the short term, as my current thesis is: this green uptrend needs a new high, before we correct deeply.