So far, I still predict that it'll gonna form a . To fully achieve that, first, bitcoin must close below 78,6% retrace that act as critical support and EMA200 to confirm the maneuver. Then hopefully we could get a scoop of bitcoin at the buy zone. This prediction will only be invalidate if the candle surpass EMA120.
Here's the resistance and support for the scenario (red line arrow). Possiblities 50%
R3 : 11.800
R2 : 10.530
R1 : 1.0010
S1 : 8.953 - 8.831
S2 : 8.000 - 7.820
S3 : 7.000 - 6.850
For other scenario possible happen will be reflected on orange line arrow (30%) and green line (10%) and other scenario 10%.
Here's the snapshot
bitcoin last chance to rebound before hitting 7k USD