BTC/USD update
BTC drop should be contained by the 89 DWMA (brown). However, the daily volatility implies that it may well overshoot 89 DWMA currently @$3655 all the way down to $3270-3375 band of support.
https://www.mql5.com/en/charts/7613146/btcusd-d1-fxopen-investments-inc
Thanks for this very up to date post!
Srezz, one weird question, may be.
How much is the probability for this TA to become wrong/null & void.
up to 20%
Thanks Srezz, appreciate it.
Bounce on Bitfinex was from $3731.70 :)
... for now, at least. Like you, not convinced this was the real bottom yet, though. I'd like to see a proper panic sale like on July 16th to feel we're over the catharsis and ready for the next chapter upwards.
It's on my chart as the first line of support (first blue dotted horizontal line). Go by the link to see it properly.
srezz, what do you think is more likely...market bouncing off the 89 DWMA at 3655 to start the recovery or dipping further to the next support levels? thanks!
do not have a crystal ball but volatility implies continuation of shifting down.
What's the new target now that's it's below $3270?