Bitcoin market down 8 out of 9 days in a row, how far will we bounce?
I don't draw many trendlines, I think we are due for a bounce. Just a bounce, not a trend reversal. I think 1440 is a reasonable target in the next few days. Again, the trend is down. Remember I did an analysis where BTC market was up 5 days in a row? The conclusion was that price pulled backed back before continuing to climb to 300, 15% gain. This downtrend printed 5 consecutive red days, I have not done the backtest yet, but strong momentum downwards don't reverse that easily.