CRYPTOS Looking For Oversold Bounce On Longer Charts

in #bitcoin6 years ago

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We're finally seeing Bitcoin have a little bit of a bounce here. On the longer term, we are seeing just an oversold bounce for now. On the shorter term, we're seeing a bit more bull volume, so there might be some longer upward movement.

For support, we're still holding $6,123 and need to hold $6,075.

There was just a little break of consolidation and we saw bulls shoot prices up after a failed attempt by the bears. It looks like this led to a lot of shorts covering, and making squeeze. This upward momentum and breakout looks to have brought a lot of extra buy pressure. However, we will need to see volume sustain or else we will be heading back down again.

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Thanks for posting this information! I think a bounce is coming

We hope!! Oversold heavily on the 4-hr...daily almost there. Need a bounce!

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