https://www.tradingview.com/x/fKucV3YB/
Yesterday we saw another relatively big red candle. The price is now hoovering at previous support levels in the $6,500-6,600 range. Bitfinex longs/shorts ratio is at 1.04 currently. Levels we have not seen since April. We are once again getting oversold and could bounce, but I don't see any signs of a more permanent bottom yet. A quick dump on big volume to the $6,000 level might do it. If that doesn't happen we might continue down in the same painful manner.
Weekly: Down
Daily: Down
4 hour: Down
1 hour: Up
Prediction for the day
I am expecting a decent to the $6,200-6300 level. A small chance to go all the way to $6,000 in case of big volume showing up.
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