Global news had a huge impact on BTC and
BTCUSD
broke all the support zones, even the indicators doesn't show any reversal signs.
Possibly entry level is at 8000 , this level is supported by 100 day moving average and RSI is approaching the oversold region, previously RSI bounced from the 30 level and probably price will bounce back from this region.
Entry price is at 8000 with stop loss at 4900 and target at 11000 and next target at 14500.
Note: lookout for possible reversal signs for early entry levels
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BTCUSD
broke all the support zones, even the indicators doesn't show any reversal signs. Possibly entry level is at 8000 , this level is supported by 100 day moving average and RSI is approaching the oversold region, previously RSI bounced from the 30 level and probably price will bounce back from this region.
Entry price is at 8000 with stop loss at 4900 and target at 11000 and next target at 14500.
Note: lookout for possible reversal signs for early entry levels
Follow me for more analysis
Likes and comments are welcomed