wait for more confirmation on the breakout and im currently watching the line crossover for a reversal.
6400 resistance is still in play. we need to close the daily candle above that at least 2 days in a row to consider the completion of the pattern.
i am seeing a short term profit gain at 6700-6800 level if you do entered a position already or considering one right now. it might also be a good opportunity to short in that area if it gets rejected.
we have a solid support at 6150- 6200 range right now. if we do get rejected at 6400-6700 range, we might see a sub 6k BTC within the month or before the SEC announcement for BTC in august
do take note that this is a and this is a layout of what im seeing will unfold in the next 4- 6 weeks. if ever we go on bull mode this week, R2 and R3 boxes are target profit areas and reenter on retracementas we go along.
always set tight stops in this current bear market and cut your losers fast and let your profits run. happy trading everyone.