Good evening. We have the Bitcoin
woes as we again are hovering in our support zone
under 8k. There has been some bounces within this zone through the day and the battle of the bears of bulls continues. We have to see where this candle closes and the next day to see if this trend down continues. If we break support in the next 24 hrs
completely then i feel we will drop
straight down the symmetrical triangle straight into the next support zone
. Looking at the volume profile
, there is a chance we can see yet another rebound above 8k, though the bottom bollinger band
of resistance is straight down. Watch your wallets here.