Bears not strong enough to push down this beautiful bottom ?

2018년 4월 2일

Just watch the chart, we had a good correction with some 'capitulation' at the bottom .
TD-sequential showed a 9 while cci, stoch RSI where both pretty oversold indicating a Rebounce.
A lot of long were liquidated and panic sellers moved their coins to stronger hands.
Bull tried to push through the down channel but the hole market situation was pretty negative, with many bad news, Death crosses and rumors about cartels suppressing the price and stuff.

Than we saw another TD-sequential 9 on the down side, which was kind of a bull trap and led to another down move with longs being liquidated from bad recommendations.

Now we are at another TD-sequential 9 on the down side , cci & stochRSI very oversold again and a lot of volume kicking in on the Rebounce. Maybe some bigger 'cartels' trying to push down further but i think there are a lot of people still waiting to get in on a good moment . So if we break the Low of the first Correction, we will see another 'capitulation' which could get us great entries , or we hold at this level, forming a nice bottom, bringing stabilization and maybe some good highs soon :)

Happy Easter and good luck