BTC continues to fail to get enough buy side pressure to make a significant movement up. Even after what appeared to be a strong V shaped reovery.
All of my notes and criteria are written on the chart.
TLDR:
This move down could take us into the $30-33k zone or even back to $20-$24k zone. This sell off has yet to show any signs of a buy back, this could be panic sell off and capitulation happening very quickly.
Check my linked idea of BTC short sell profit zones, even though I called short off, the analysis is still relevant.
All of my notes and criteria are written on the chart.
TLDR:
This move down could take us into the $30-33k zone or even back to $20-$24k zone. This sell off has yet to show any signs of a buy back, this could be panic sell off and capitulation happening very quickly.
Check my linked idea of BTC short sell profit zones, even though I called short off, the analysis is still relevant.
