This is the bounce we are most waiting for. I see many bull divergence from some of time frames such as 30 min, 1hour and 4 hour. In addition, i see that we will break this falling wedge.
The bull scenario: The thing is, we need to close above the red line 50-MA (recent support) around 8300 for daily candle today. If it happens, we will see a tweezer bottom, and thats good for the bulls. The other resistance is seen around 8400-8450 build upon the falling green line, if we break it, we will likely to test the next resistance 0.382 - 0.5 base on fibb, and thats around 8800 USD. And, if we break this big resistance, i will be verry bullish for the next move.
The bear scenario: The bear scenario is simpler. If we fail to break the red line 50-MA, we will back to test the support at 7900 USD.
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Another good day huh? heheheheheh We are likely to test the 2nd resistance at 8800 soon. :D