Hey guys, Bitcoin
is at a very interesting point now. We have two options from here on. Remember that we are still in the correction, that means that there is still more potential to downside then to the upside. The first option is very clearly to see for everybody. We have that nice, big inverted SHS
formation. If we see prices over 6830 USD, there is a high probability to rise to point C, the old trendline
. The red zone is marked as a broken support, now it is a resistance. Everey upmove is a correction until we break 10.000 USD! From point C on, we have to look what will happen. I will update this.
The second option is, that we built a bearflag and go down without that inverted SHS
pattern. So let´s see what will happen and good luck.