Bitcoin will probably continue to fall down to the previous daily low at around 6600
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It clearly broke bellow this rectangle and I'm still very convinced that it will reach 6600
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Right now we will probably see small pull back on 5 min or 30 min chart
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As I mentioned, we are getting a pull back on 5 min chart. Price will probably go up to 7530 before it decide where to go next. We broke very nice flat bottom triangle pattern. I believe this is only temporary pull back before we continue going to, probably, around 6600.
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I find this pull back very weak and we might not see price reaching 7530. We will see... But what I believe surely that this is not the bitcoin bottom
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Price have reached 7530 even though I thought ti will not have enough strenght
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From this moment I believe downfall will continue. The next stop is around 7150 where we will might see some small bounce.
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After the last announced the price had completely turned over... That was unexpected. Still, very bearish on 4 hour