ryanmcginnis7

BTC Exhaustion level

COINBASE:BTCUSD   Bitcoin
Looks like BTC may be getting tired. Would've like to see the candle dip a little lower before rejection at the low on the daily. Usually don't see V- bottoms as the final bottom before a rise to ATH so I would look for, at minimum, price to fall back and test out previous low areas/ trendlines. Once we're down there I'd look for some fakeouts and looks of accumulation. Assuming it doesn't go lower, that's when I'd look to "load the boat." If price action dictates it's going to continue lower, I'll continue to hold off and trade based off of smaller time frames.
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