As the TD Sequential Count reaches bearish 9 on the 4h-chart i look forward for BTC to take a break and show some positive signs. Though with all the FUD sorrounding regulatory news I don't think we're out of the woods yet. I suggest we will see two more down-waves with a prior test of the psychological 6000 level and a following correction to 0,236 Fibonacci Levels (5k) until Chinese New Year, which is approaching on 16th February.
On the upside we can see good volume coming in since the first drop below 8k which is a good sign: strong hands are starting to buy. As soon as we'll have a confirmed trend reversal we will see billions of wallstreet-money getting pumped into BTC hence starting the next bullrun.
On the upside we can see good volume coming in since the first drop below 8k which is a good sign: strong hands are starting to buy. As soon as we'll have a confirmed trend reversal we will see billions of wallstreet-money getting pumped into BTC hence starting the next bullrun.
Comment:
BTC didn't bounce after the 9th bearish candle on TD Sequential cound, dropping into Buy-Zone 1 drastically during the last hours. We might see some sideways movement or a little uptrend for today
Comment:
Day-Candle TD Sequential Count showing bearish 8, i guess maybe we'll see some positive movements soon :)
Comment:
It looks like the outcome of the SEC-meeting yesterday had in fact an impact on the market :) congratulations if you bought the dip to buy zone 1 yesterday!
With positive news turning the trend for now and FOMO slowly setting in, this could have indeed been the bottom
With positive news turning the trend for now and FOMO slowly setting in, this could have indeed been the bottom