Bitcoin holding below first resistance at 6750/70 targets 6670/60 then support at 6520/6500. Below 6450 targets 6350/40 &
6250/40 before the low at 6140/20. Further losses test the important crash low at 5950/20.
Strong resistance at 6750/70 but shorts need stops above 6850. A break higher targets 6920/50. Further gains test the May low
at 7020/30 but if we continue higher look for Fibonacci resistance at 7140/60.
6250/40 before the low at 6140/20. Further losses test the important crash low at 5950/20.
Strong resistance at 6750/70 but shorts need stops above 6850. A break higher targets 6920/50. Further gains test the May low
at 7020/30 but if we continue higher look for Fibonacci resistance at 7140/60.
Comment:
Now that we have traded below 6140 watch for a continued move down to 5950/20, which is the important crash low earlier in the year. Should see a retest of those levels.