I'm the first to admit predicting BTC is shot in the dark because of the daily headline risks from governments, media, FUD and FOMOs. But here is my shot, BTC has tested the lows several times and each time is slightly higher. BTC will pop and get back above the raising trend line. That will be your buy signal to ride it back to the top of the range. That will put my target at a 20% increase from here.
Well, the volume has been decreasing and heading towards the weekend dump. I anticipate that we will stay in the range until Sunday night.
ChartrunnerMan
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@jpfortin, The more it consolidates and sort of put in a floor then we will go higher.
jpfortin
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@adamhallf1, Not necessarily - we need volume to go up: it went from 18M to 8.7M in less than 24 hrs - that is really bad. Also, many probes have been appearing on the hourly showing weakness in both sellers & buyers. I anticipate a break out down ward to 8K-11K - below my pink box. However, I also anticipate FOMO to kick in on Monday with volume going back to normal and us hitting 15-16K.