konosmgr

BTC looks really weak, further -50% capitulation?

BITSTAMP:BTCUSD   비트코인
BTC is struggling to hold 200W sma and there's just no one buying the asks even if the orderbook has been cleared. Any 4h close below 22000 will see a test of 20700 lows and 19300 and if that fails, next up is

16100
13800

Can't predict price action but If I had to guess, it's fairly probable that the bottom will be put in in the 11400 to 12000 range, and then ping back to 20-22k.

Similarly I think eth will bottom around 440.
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