TheTradeMentor

Bitcoin Bears

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COINBASE:BTCUSD   Bitcoin
What a ride down this has been. I dont think this is from any bad news but rather a lack of volume. With the lack of volume, BTC will continue its current trend (down) and will be easily manipulated. Until we see some decent volume on the upside this will continue. I believe this will hit the daily RSI double bottom and the triple bottom (price wise) before a reversal. Next support area is labeled. Worse case we will go to the next FIB (.786) but I think that is unlikely. Happy trading.
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