A short term bounce?
BTC appears to have found a new support and looks for a bounce back to the $9500 and possibly the $9800 range. 4 hour RSI bouncing from slightly oversold area, volume has been declining.
The plan: I am not in a long, currently out of my short position and waiting to short anything above the equilibrium to the top of the channel once again until the trend is broken.
Stop loss at $10055
profit targets at $8900's, $8700's, and $8500,s.
The plan: I am not in a long, currently out of my short position and waiting to short anything above the equilibrium to the top of the channel once again until the trend is broken.
Stop loss at $10055
profit targets at $8900's, $8700's, and $8500,s.
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