Bitcoin drop and key levels

21 בפבר׳ 2020

Hi guys.

Picture says it all.


We've seen a bit higher piush on BTC as described in previous idea:

Tripple bearish STOCH RSI ON DAILY.

Oversold.

Grew 62% with no serious correction untill pierce yesterday.

Technical side does apply for correction.

Might make lower high in 9770 range and droop further. (safest is to stay USD).


Now should make new low and from that value (9150) to make rebound towards previous high.

After failing to breach it, i would expect breaking of previous low and further drop-retest of 8350.

Upon retest i do expect attempt towards new high 11200 where " ride" ends.

Upon collision from 11200, should make rebound from 9300 towards 10500 which is sell point.

Then further down towards 8000 level (8350 first).