That's a likely bear trap in the making.

11 Mac

12H: Bullish divergence on RSI, 9°th TD count candle, rising from oversold.
Due to high volatility further wicks down are still possible (75-72k), but likely to end in a fake-out / bear trap.

Look out for support recovery and a likely short squeeze. Likely heading for a bounce towards 86k (90k), with volatility starting to wind down.

I think this week may seal an interim bottom. Next 1-2 weeks will tell.

DYOR - Good luck-

12 Mac

Nota

Possible bullish pennant.



Let's see.

17 Mac

Nota

85,3k reached. Very close to the first target.

19 Mac

Nota

First target reached at 86,5k.

Now let's see whether there's room to move higher at/over 90k, after a cooldown.

24 Mac

Nota

Close to top of channel.