After two major pullback days, Bitcoin (and all the cryptos) are looking for inside bar formation leading to more consolidation. This will be similar to what we saw last weekend after the first initial pullback. The inside bars might be bullish in price, but will be needed to normalize this RSI level.
The levels for the EMA resistances are significant too. For BTC, these are looking at $5,300 for the daily. I don't anticipate a test of that resistance for a while.
Nothing major today, we should see some calm sideways trading while we consolidate after the two dump days. Hope everyone's stayed safe!
tough times in the space
It's been one hell of a drop, general consensus is that's better than a slow bleed. I was lulled into a false sense of security because of the sideways price action, woke up one morning and my portfolio was REKT. lol.
Yea i feel ya on that. I forgot to set a stop loss one time. Oops.
Yea i feel ya on
That. I forgot to set a
Stop loss one time. Oops.
- exxodus
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