Analyzing BTC price movements from the top as corrective waves A,B,C,D,E. The small red box is where I anticipate our higher low to end up. I believe the next few days are crucial in determining overall game plans and hoping for the higher low scenario to play out, as opposed to a new low... If downward E slope breaks through the positive support slope then it leaves a lot for the bears to work with, as there's a lack of support after 65 and 6k. This set up has been playing out well for the last 2 months... Again, I expect a trend change to happen in the coming 3-10 days. 68/69 as my lower high prediction, hopeful for a 7k low to hold, but not confident the wave is over until we touch that positive support slope inside the red zone.
Comment:
Support slope obviously failed... watching the low red zone for the next weeks to see if support holds.