I'll watch the news about ASICminers, regulations and bans but the most important is about the crypto ETFs. I am also watching tech equity market news how crypto market reacts to the retracement of this sector.
Positive scenario: If this range holds I will buy more in the next couple of days with the same SL and the target zone could be somewhere at 540-550 or I will target the fib level at 660-670. I will try to calculate the precise range when it breaks above the falling wedge.
Negative scenario: If it breaks down below the rising trendline, then I have no idea where the bottom can be or where the next support zone is. In that case I have to rethink how this market fundamentally works.
Be careful, if it breaks down the next stop can be much lower.