First the bad news: Sell volume is up. Short term trend down. Support 2 broken. Next stop Support 3?
Now the good news: Stock RSI is turning up on the 4hr and seems to be over sold. The long term trend is still up.
Personally, I'm on the fence. If 2425 is broken, I may get out of my position and wait for a good entry. It's a long weekend and the bigger US traders may not be buying. It well be interesting. BTC will either reverse higher and slowly grind up or it will dump lower fast.
Now the good news: Stock RSI is turning up on the 4hr and seems to be over sold. The long term trend is still up.
Personally, I'm on the fence. If 2425 is broken, I may get out of my position and wait for a good entry. It's a long weekend and the bigger US traders may not be buying. It well be interesting. BTC will either reverse higher and slowly grind up or it will dump lower fast.