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BTCUSD Perpetual Contract

Critical point for BTCUSD

Oleh iiiDDoS
BTC is currently at a point where it could bounce if we are to see a relief rally from this 6hr sell off. However, if it doesn't bounce and it falls through the rising level of support we have been building, IMO the next realistic target is $6500. Medium term target (next few days) is $6300, and possibly 5.8k. PLEASE NOTE THAT SELL VOLUME IS CURRENTLY INCREASING WHILE THE RSI IS IN A DOWNWARD TREND + HAS A WAYS TO GO BEFORE IT REACHES OVERSOLD CONDITIONS. TRADING RIGHT NOW IS EXTREMELY HIGH RISK BECAUSE WE ARE JUST NOW WORKING OUR WAY BACK UP IN VOLUME.
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iiiDDoS

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