I expect to touch the RED ARC at some point in the future.
If it happens soon, we will be down to 7800.
Otherwise, we will have more sideways movements.
It might drop to 7600 also, and that would cause it to became a little bit more and a little bit more unstable
I posted a similar chart 2 days ago and it held up almost perfect. Today I just adjusted the fib circle a bit.
And I want to see where is BTC stable.
The channel is clear as day: it's the circle.
You could see on my previous chart that is held up to moving inside the circle with a slight deviation of $100.