The current price reversal is in my opinion premature, and the massively overbought market is in need of a real correction. 16000 seems to be a likely point where the current minor upwards movement will stop, based on prior reversal zones, and also the downtrend line. Corresponding to this, there is at the moment a sell wall at gdax at 16000. So far, a further downward movement down to around 11000 seems to be the most likely scenario.
@Allistercointrader, moved up above downtrend line, seem bullish at this moment !
Allistercointrader
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@Allistercointrader, downtrend line ( green ) invalid already. Bearish still possible ! Bear or Bull is 50/50 at this stage.
ThomasBlikshavn
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160 BTC sell wall at 15500 USD at Gdax.
Radzieoon
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That TA is exactly what I'm thinking too. Crypto newbies weren't punished enough yet. At 15200-15800 depending on the exchange there's another fibonacci level and resistance lines as shown on your chart. There is also a 1-4 candle upward correction on 4h candle chart, so I think the reversal will be in 8 hours or so. I put ask at 15600.