Bitcoin still falling, flush incoming?
Bitcoin / Dollar BITFINEX:BTCUSD
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All jokes aside with hilarious 'Bogged': Bitcoin is still trying to find support after breaking the bear flag . RSI levels oversold, the 4H cooled down enough for another leg down. If we don't get the bounce going from here, we can be looking at 5.8-6k. as support area from the first February wick. The bulls have to show some strength, which can me measured with the 12 & 26 EMA nicely. We keep rejecting from EMA12 on 1H since the bear break yesterday, the 4H we haven't even touched yet. For this 'temporary böttöm' to have any credibility, we have to break the lower highs.
At least we have some nice volume on the 15min right now.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC .
I'm currently a member of the ChartGuys community.