BTCUSD

Hello bitcoiners it's been a rough year and these last few weeks have been especially bad. I'm surprised that btc fell from the 4000's to the 3000's. Now we are in this range of $3600-$4100. I think we should get a short term pop upward due to the rsi being at ridiculously low levels of 17.5. This a very very oversold sign. That's the good news. The bad news is that our $3000- $4000 support will not hold, the support is just not strong enough. As indicated by my two blue horizontal lines we will probably hit $2400 - $2700 in the near future. There is some strong support at that area. I don't buy the theory that the $3000 mark being is a real support that will last.
I'll keep you guys posted as I see things developing.
Please comment at the bottom i'll respond to whatever ideas you have.

Thanks!!