BTC will need a little more bounce to break the trend line above, this should happen Monday if all goes well and depending on news...
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BTC is consolidating, and almost touched the 11000 point of support. We should now see a move to the upside again to tackle the channel resistance level...
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We are going to the bottom support of the wedge, very close to the 50% we marked yesterday, should get a rebound here taking us to the top of the wedge again....
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It has been a tough day for BTC with the bears taking charge. We are at support and about to make a double bottom on the 4hr . It is quite possible this may not be enough to hold off the Bears having their way but it will definitely give everyone time to think about what happens next. There is a lot of negative press at the moment which is playing into the bearish move and one reason why this may go all the way to lower support... time will tell but what ever happens it will effect some of the other coins on different levels, the stronger ones less....We should all know where we are going in a day or two.