BTC is going for a deep low but may be forming a double bottom. It's going really fast.
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If we focus we can see that price is not aligned with RSI. Price is moving slower than RSI.
If RSI stretches and price is supported we may see a nice come back from that low.
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Anyway, I am not a trader and these are only my personal ideas. A double bottom there and at the end of the month would be like a very important statement for me from BTC. I double bottom in such a low position? What could it mean? I am dreaming again...sorry註釋
Bullish flag will be then completed.註釋
In a month made the bubble (dicember) in a month it retraces it (january). Sounds nice. February?註釋
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This is last week of the month. Perfect time and setting. lol註釋
But if I look at the weekly chart I am brought back to reality 註釋
But today is only monday! Yes, and that weekly candlestick may complete a three black craws formation by the way its moving.註釋
Let's wait and see註釋
I forgot. In March a lot of deadline of crypto projects are due to be annuonced. It will be a good indicator to see how this new industry is developing.註釋
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BTC is really stretching towards that lower low. I didn't put an arrow on it but is at 9259 more or less註釋
It come back above 10.500 which is a bullish sign註釋
I don't think it will end the correction there but let's see. To go there it means that should go to 11K which would be a very bullish sign註釋
But still has not completed the neckline therefore need to be patient.註釋
The neckline is that lower low that may be hit if BTC insist going down註釋
I can see a very nice come back from that lower low if it will ever reach it. lol註釋
If this is an industry in expansion a double bottom there would be a nice fundament from where to start. Don't know.註釋
Let's see and be patient.註釋
Thank you AlanMaster. From you it's an honour. Much appreciated for taking the time to look at it. Thanx註釋
Ok. It has completed that small correction and resumed its run towards lower lows. Let's see how it moves.
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