Little insight into how I believe BTC was oversold and this thanksgiving correction could have been foreseen.
Trade active:
Alright, so the chart broke to decreasing triangles in all the way from an inverse angle contrary to the first point where BTC was overbought leading to the point of growth stagnation. Yet, I sincerely believe BTC IS ABOUT TO PUMP BACK to 19K levels for at about 01:00 AM NOV 28, let's see how it goes.
Comment:
was overbought*
Comment:
Told you.
Comment:
TOLD YOU
The following orange zone it may indicate a range of small change in course and apparent peaks before falling down to the green area.
The green channel indicates the true trend of healthy growth anywhere above that or below is a breakout point.
The last red zone is the point of disruption and may trigger and breakout whether motivating people to buy at a cheap price before a bull-or-bear trend.
Anywhere below the red line at around 15800 and 15000 can lead to a huge 8K rebound.
Disclosure: This is just my notebook of analysis. I might be comple-e-e-e-e-eeeeeh-tly wrong, so don't get mad.
Have a nice thanksgiving day to y'all.