cryptosince1963

YOYOW/BTC - Bottom out completely and waiting for another round?

Long
BINANCE:YOYOBTC   None
YOYOW saw a nice breakout a very short time ago, followed by an absolute smack back down.

In a non shitcoin market, we'd be looking at this as a potential retrace, and with all this money seemingly flowing out of BTC.D, I'm gonna call it the same here.

RSI is overbought as can be and MACD is fighting between bear and bull. Good volume on previous breakout (though the sell volume made it look silly)

Targets are mapped for long term. Potentially higher highs than this over time.

Come hang out with me on telegram, it's free and I won't be too mean too mean to you:

t.me/KadnimCrypto
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.