We have a simple setup here.
Bounced from a strong support zone: 200MA+ horizontal support+ Fibline. Yesterday we had a big bounce with a good volume, but we could not break out of the downtrend.
The last time the RSI was this low, we had an all time low price, and the "alt season" was just starting...
So whats next? Bounce form the Green area and try to break out the bear trend, or break below the 200MA and continue the downtrend ?!
I really hope for a bounce considering the strong support zone, maybe even a breakout from the triangle, but of course it all depends on BTC! :)
Bounced from a strong support zone: 200MA+ horizontal support+ Fibline. Yesterday we had a big bounce with a good volume, but we could not break out of the downtrend.
The last time the RSI was this low, we had an all time low price, and the "alt season" was just starting...
So whats next? Bounce form the Green area and try to break out the bear trend, or break below the 200MA and continue the downtrend ?!
I really hope for a bounce considering the strong support zone, maybe even a breakout from the triangle, but of course it all depends on BTC! :)