Here is a quick one on BTC 0.58% to futher buttress our points and targets in our previous post.
Possible Reversal to the trend line support of the rising wedge formation @ $7100 to cool off RSI and send stoch to bottom before testing the resistance levels above.
This will help prevent a colossal dump and a possible break of the current market structure IMO -2.01% .
In the event of the above coming to play, i expect a possible bounce at any of the following support level after a correction to probably give us our lower high before the next rally.
$6450 - 0.618 fib level
$6150 - 0.786 fib level
$5775 - Maximum Retrace
A break below the previous low will invalidate the current market structure, and send price to another Crypto Abyss.......$5k IMO -2.01%
Just my thoughts, leave a comment and share your thoughts.
Possible Reversal to the trend line support of the rising wedge formation @ $7100 to cool off RSI and send stoch to bottom before testing the resistance levels above.
This will help prevent a colossal dump and a possible break of the current market structure IMO -2.01% .
In the event of the above coming to play, i expect a possible bounce at any of the following support level after a correction to probably give us our lower high before the next rally.
$6450 - 0.618 fib level
$6150 - 0.786 fib level
$5775 - Maximum Retrace
A break below the previous low will invalidate the current market structure, and send price to another Crypto Abyss.......$5k IMO -2.01%
Just my thoughts, leave a comment and share your thoughts.
