It is clear IMO why BTC is due for a pullback... BTC has reached the 200ma now acting as a resistance, there will be profit taking now as well, so it is very likely that we will be going for a pull back now... perhaps to bounce in the 50ma which could act as a support?
My speculation here is that we can go as deep as a 61.8% retrancement IMO.
Other indicators showing an eminent pull back
-Stoch RSI over sold
-Volume going down
-Volume profile is showing low buyers interest area, usually an area of bounce
That is my speculation on it, take it for what is worth.
(FIB lines corrected)
My speculation here is that we can go as deep as a 61.8% retrancement IMO.
Other indicators showing an eminent pull back
-Stoch RSI over sold
-Volume going down
-Volume profile is showing low buyers interest area, usually an area of bounce
That is my speculation on it, take it for what is worth.
(FIB lines corrected)