The downside pressure in BTC is still strong but we are getting over extended. With the RSI oversold and price being far extended from the 20MA, will Wednesday which brings a red 9 on the time analysis bring a bottom or at the very least a bounce?
Is this the bottom for BTC? I check out historical BTC charts from 2015, 2016, 2017 which all saw a huge drop leading to a bounce in the middle of January.
BTC price is at the lower BB, a spot from which Bitcoin price has turned around and pushed higher over the last 2 weeks. Is this the short term bottom for BTC?
BTC chart time indicators on the daily, weekly, and monthly charts are all on 9 which usually means it is time for a turnaround, in this case a sell off. Will BTC drop?
Bitcoin hits over $11,000 but time analysis is signaling a BTC selloff in the next couple of hours. I break down the Bitcoin chart. Is it time to sell Bitcoin?