The price continues moving inside the channel $6990 - $7400. Fixing above the upward border - see continuation of a growth. Breakdown of the downward border usually acts like: big red spike and then return into the channel, this option has great chances to happen.
Support is very strong and agressive, while resistance doesn't seem even a half as strong as support does. Currently we are in accumulating phase. Priority is reversal (upward), but the decline further still can happen. We chill without any position on BTC, especially taking into account that it is weekend.
@alimannn, Wow lots going on in this chart, how can you spot a clear setup?
Martens58
⋅
According to your last analysis ( Elliot Wave explained ), we are at the bottom right now, and the low of yesterday was THE low. Am I correct in that reading of your wave ?
I had predicted the sinking well before.
The following diagrams show what I said.