BTC just tested strong support 46900-46500 (confluence of supports and trendlines) and bounced nicely.💪 Actually previous bar looks like sort of pinbar. TD Sequential just printed red "9". Bullish signs all around. Possible retest of the support before next leg up. Once we break up the yellow downward channel, we are good to go to 50500.
See how the 14.6 and 23.6 Fibs of the previous range are now acting as supports.👇
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
@bizmark, it will go a little bit lower but that will be it btc 42k and eth 2,900 maybe more but not much will go side ways for like week to week and a half