46.5K is the point of control - above and bulls are in control, below bears are in control.
Bitcoin needs to hold the trend, blue fib channel. If it fails and enters the red fib channel, I think it's going lower.
There's also volume gap at around 35.5K - doesn't need to be filled but it's something to think about.
I'm still leaning slightly bearish because of the legacy markets, tapering and Chinas Evergrande.
Bitcoin needs to hold the trend, blue fib channel. If it fails and enters the red fib channel, I think it's going lower.
There's also volume gap at around 35.5K - doesn't need to be filled but it's something to think about.
I'm still leaning slightly bearish because of the legacy markets, tapering and Chinas Evergrande.