If BTC doesn't bounce off this long term support line around 10.8, then we're likely to see a retrace down to 10.6k or 10.3.
But given the strong break of long term downtrend from All Time High yesterday I'd expect a decent bounce here.
That downtrend had bounced us back twice before so having got through it I'd expect decent support this time round (Resistance becomes Support!)
RSI for 2h and below has been really oversold for a few hours now.
Most of my longs have trigered between 11k and 10.8k so I'm Long ATM and looking to take profit at 11.5-11.8k
But given the strong break of long term downtrend from All Time High yesterday I'd expect a decent bounce here.
That downtrend had bounced us back twice before so having got through it I'd expect decent support this time round (Resistance becomes Support!)
RSI for 2h and below has been really oversold for a few hours now.
Most of my longs have trigered between 11k and 10.8k so I'm Long ATM and looking to take profit at 11.5-11.8k