Hourly RSI got to oversold conditions with BTC correlation and saw a very significant $3+ bounce from these levels.
Congrats to the bulls that continue to use indicators to profit and disregard FUD and emotion in those decisions.
Ideal scenario would have been to get stopped out of trading positions and have all cash ready to feast on this extreme dip.
Resistance still stands $73.40 and we will likely need to see another hourly higher low before these resistances are tested again.
Always watching the BTC correlation for clues to consolidation.
Congrats to the bulls that continue to use indicators to profit and disregard FUD and emotion in those decisions.
Ideal scenario would have been to get stopped out of trading positions and have all cash ready to feast on this extreme dip.
Resistance still stands $73.40 and we will likely need to see another hourly higher low before these resistances are tested again.
Always watching the BTC correlation for clues to consolidation.
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