I don't see any reverse yet, We need a HH(higher high) and a HL(higher low). But don't have that yet! Instead, we have a Bearish Crab. There are 2 scenarios for BTC.
1) It will down to 6700-6800, then bounce. . It is more realistic. Cs I think the support line (purple) and 0.382 fib will hold that.
2) It will down more (to 5250-5400), then bounce.
Note: That idea will invalid if BTC breaks the downtrend line (1st red line).
Don't forget to like if you appreciate the idea.
Thank you!
*** The information is just an idea for educational and discussion purposes. ***
1) It will down to 6700-6800, then bounce. . It is more realistic. Cs I think the support line (purple) and 0.382 fib will hold that.
2) It will down more (to 5250-5400), then bounce.
Note: That idea will invalid if BTC breaks the downtrend line (1st red line).
Don't forget to like if you appreciate the idea.
Thank you!
*** The information is just an idea for educational and discussion purposes. ***
Trade active
Comment:
Fakeout :D. That was a trap!