Sorry,I forgot to change from Log to Linear.
Check the RSI.
There are 3 scenarios i see right now :
1 ) Bitcoin moves to 8.1~8.2 area,forms a Head and Shoulders and dumps hard.
2)Bitcoin drops from here ( 8030) area down to 7.8 and makes a bounce or reversal.
3)It goes up from here to 8.6~8.7 area and gets hammered hard.The bears showed they are still in the woods.
Just a humble opinion.
Check the RSI.
There are 3 scenarios i see right now :
1 ) Bitcoin moves to 8.1~8.2 area,forms a Head and Shoulders and dumps hard.
2)Bitcoin drops from here ( 8030) area down to 7.8 and makes a bounce or reversal.
3)It goes up from here to 8.6~8.7 area and gets hammered hard.The bears showed they are still in the woods.
Just a humble opinion.