After the extreme dump and extreme RSI levels the last 24 hours we have been wondering what the news was as that is often the reason for moves getting extreme. Now it has come out (interestingly timed at 4 AM US for the 4 hour bear flag) that some unnamed insiders say there is a criminal investigation into crypto price manipulation. In my opinion the timing of this news is absolutely not a coincidence and could be released any time they chose.
The 4 hour RSI dipped back to 20 and the daily RSI is now at 32. The bottom will not be confidently in until we see a 4 hour higher low and higher high, as the bears still have full control.
Still anticipating a weekly higher low to form in the Equilibrium, as we would still need a 10%+ drop from these levels to break it, though the odds of the weekly EQ now favor bears 60/40 in my opinion.
Still trading around the dump, sell orders in the $590s and low $600 filled last night, as did fishing bids at $555 and $547.
It will take some proving by the bulls with volume to encourage any re-entries, and many trader (including myself) already have a higher than desired cost basis.
Many signs point to daily oversold RSI coming, which would put us right around $7,000.
In my opinion this news is bullish for traders and investors, with the only downside being likely less volatility for traders if the issue was remedied. We COULD see something like the US ban exchanges that do not adhere to certain regulations to prevent the blatant manipulation.
Traveling all week, so limited TradingView updates.
The 4 hour RSI dipped back to 20 and the daily RSI is now at 32. The bottom will not be confidently in until we see a 4 hour higher low and higher high, as the bears still have full control.
Still anticipating a weekly higher low to form in the Equilibrium, as we would still need a 10%+ drop from these levels to break it, though the odds of the weekly EQ now favor bears 60/40 in my opinion.
Still trading around the dump, sell orders in the $590s and low $600 filled last night, as did fishing bids at $555 and $547.
It will take some proving by the bulls with volume to encourage any re-entries, and many trader (including myself) already have a higher than desired cost basis.
Many signs point to daily oversold RSI coming, which would put us right around $7,000.
In my opinion this news is bullish for traders and investors, with the only downside being likely less volatility for traders if the issue was remedied. We COULD see something like the US ban exchanges that do not adhere to certain regulations to prevent the blatant manipulation.
Traveling all week, so limited TradingView updates.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.