Over the last week BTC has traded in a narrow range with low volumes. The June 10th bearish breakout has set the stage for several scenarios:
1. A triple bottom formed from by the February, April and now June lows.
2. A short rebound followed by a lower low in the the 3000-5000 range
3. A break down and retest of 6000 before stabilizing
The RSI is has already tested and rejected the oversold line and is trading in a tight range inside the support zone. If it fails to break upwards over the next few days we can expect a steeper drop before rebounding. We will wait for a high volume break out of the support zone before entering the market for potential scalping or swing trading. Overall the market continues to bearish.
1. A triple bottom formed from by the February, April and now June lows.
2. A short rebound followed by a lower low in the the 3000-5000 range
3. A break down and retest of 6000 before stabilizing
The RSI is has already tested and rejected the oversold line and is trading in a tight range inside the support zone. If it fails to break upwards over the next few days we can expect a steeper drop before rebounding. We will wait for a high volume break out of the support zone before entering the market for potential scalping or swing trading. Overall the market continues to bearish.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.