BTC correction trendline
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bounce points, supports and resistances shown with fibs. .382 fib is between 57 and 55 k support lines from the VPVR. strong bounce from there as it tags the RSI20 would be a bullish scenario.
volume during dips has not gone down, more dips to come methinks.
volume during dips has not gone down, more dips to come methinks.
Nota
Nota
The VPVR POC for the october bull run is at 55k and aligns with the .382 retraction which would complete a giant bull flag heading into november...Nota
looks like BTC has jumped out of the corrective channel after absorbing a big sell off and following up with a nice pump. bullish AF. cautiously optimistic that the 60k support would hold during the next dip. A bounce from there would make a higher low on this time frame.Nota
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note bearish RSI divergence for last 2 peaks on the hourly... dip possible this weekendNota
do we have a breakout from the correction channel or am I high on hopium ...
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