$BTC #Short | Finding the Bottom

Market sentiment has been in full bull mode since it appeared as though support was found. I disagree.

$9800
$7500
$6500

This will take possibly weeks to play out but for now, this is where I stand.

Komentarz:

OK. So we've entered the "long" term channels' resistance as expected and right in time. (I use the word "long" in a sense of time very loosely here)

The RSI is pulling back and were very close to seeing our "Red Dot" indicating the buying market is weaker then the selling market.

If we fall back into the shorter term channel, and cross the middle (thin red line), which would mean we've dropped through the sideways support from 2 days ago, it would mean we are still on track to testing the levels mentioned in the original comment.

It seems most of the community is sold on the bottom been 10k. The order books are now nice and full for our much more experienced and bigger peers to take the last of their profits.

The bottom is close.

Best of luck.
- Calem

Komentarz:

Looking at the chart in log, shows an obedience to the channel.

Komentarz:

pbs.twimg.com/media/DT-6EZ_VAAAr-mp.jpg

Komentarz:

Still on track

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