Like a lot of people, I thought BTC would test at least $8000 by now. Fact of the matter is we are still bearish. All the sideways action proved to be a losing battle for the Bulss. All the nay say'rs that we wouldn't go below $6000 got a dose or reality today. I for one have called it myself, just took longer to get there. Coinbase price is currently near $300 below Binance, Bitfinex and Cex.io. Resistance is currently $5640 on Coinbase and Binance is $5939 on the 15 minute chart. $5100 is the next critical support level with $6200 $6400 the next target area. I for one will not miss this opportunity.
What to you think?
What to you think?
Comment:
Bigger look.
Comment:
1H is reversing, target is 5450. Looks like more Bear pressure incoming.
Comment:
1H formed a Rising Wedge with the target of the break out nearly reached. Target is $5450. Take note of the 2 prior closing candle.
Comment:
15M look
Comment:
Target nearly reached. Rounding top forming on the 15M time frame.
Comment:
Broke support line and then some. Lower to come.