Looks like Bitcoin is getting ready for that last and final drop, loosing this support would bring us pretty quickly too 6 000!
Currently i see two possibilities, my play will depend on which breaks first:
The Bull scenario:
- The next 3d candle close today, 6 968 is a major Support so we need to get back over it before the close.
If so, we can expect a re-test on our trend resistance around 8 000.
The Bear scenario
- We need to close the 3d candle below 6 968.
And from there 6 000 would be the target!
What too understand?
If we infact go too 6k it might be the lowest we will see Bitcoin, i have big orders luying there, Longs are on a ATH and previously a big pump fallowed up!
Currently i see two possibilities, my play will depend on which breaks first:
The Bull scenario:
- The next 3d candle close today, 6 968 is a major Support so we need to get back over it before the close.
If so, we can expect a re-test on our trend resistance around 8 000.
The Bear scenario
- We need to close the 3d candle below 6 968.
And from there 6 000 would be the target!
What too understand?
If we infact go too 6k it might be the lowest we will see Bitcoin, i have big orders luying there, Longs are on a ATH and previously a big pump fallowed up!