Been looking at this for a while but its looking more and more likely it will play out the same as the Feb dump.
Same bearish divergence (12 hour RSI) following by a lower high then down we go making more lower highs and more lower lows.
40k should be a good support so might so a bounce but I don't expect it to hold.
30k area is where I'm looking to maybe consider a reversal all depending on how we are looking at those prices but if this pattern is to repeat then it could be a reversal area..
Time will tell with this one a lot of shit to take into consideration at the moment just thought it was interesting how similar it looks! Good luck!
Same bearish divergence (12 hour RSI) following by a lower high then down we go making more lower highs and more lower lows.
40k should be a good support so might so a bounce but I don't expect it to hold.
30k area is where I'm looking to maybe consider a reversal all depending on how we are looking at those prices but if this pattern is to repeat then it could be a reversal area..
Time will tell with this one a lot of shit to take into consideration at the moment just thought it was interesting how similar it looks! Good luck!