Watching the 4 hour has made me bearish for the simple fact there seems to be no volume pouring into the market. The analysis for today's price is to just cool off and watch! A big move will come soon in the next coming 48 hours. 7000 for resistance / 6400 for support. Bitcoin is currently trading in between the channel. So we'll just have to wait and see!
Comment:
After closely coming in contact with the.618 fib line on the daily Retracement. This is a no trade zone for me because the volatility spikes have slowed down and there's a possibility that the top of this trend is already been hit around sept 22nd and the 28th. Now that the bearish divergence is clear, I plan to see a huge drop coming in the next couple days! I will ladder my positions with stop losses. Be safe traders! Whales are hunting!