BTC 4 hours view.

9 Nov 2022

BTC 4H

We can see how price is slowly going to fill yesterday's low. Well, basically, there is nothing catastrophic happened to BTC (just another -20%).
Its hard to say, if the drop is done, would be great to see some flat at least.

In case we continue to drop, the next interesting zone is 15800-16250 (around -7% from current price).

For long term investors, there is no big price change for the past 5 months, if you can hold 😄

If we are looking for local trades, we gotta wait for confirmations of reversal first. Technical correction is required. You know, that we do not just dump, or just pump. BTC is very technical.

For now, the only good thing is - RSI - 15. So it still better to spectate and wait for the reversal signals.

10 Nov 2022

Komentar

BTC 4h update

Arrived to next zone. Lets see what happens next. 🍿

I market on new chart the next zones, which are:

13-13700 and then around 12k area.

Anyway, after such drop, its hard to expect V-shape bounce. We need to see flat first. It can take 2-4 days, weeks, or even couple months.