Ever hear the term Roll Bounce? There is actually a song using that as the chorus. I'm pretty sure it had to do with rollerskating back in the day when it was all the rage.
In bitcoin's case I'm wondering if it can do roll bounce with price. It rolled over the last 24 hours with a hard sell-off on a spike in volume.
The move pressed us into the April lows. We didn't quite get to the bottom but got in the mix a bit before seeing a bounce, though be it small.
I saw my favorite u-turn reversal pattern on the hourly chart about 8 hours before this post so entered a trade, plan to be nimble since the daily chart still looks rough.
So now we wait to see if the sellers rolled out and we truly can bounce.
I talk about this in more detail in the video below...
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Disclaimer: All info in this post is my opinion and for informational purposes only
