It's a bear market, but we can't go down like a rock, can we? We have to give the buyers some hope not to scare them completely away, so we can expect a reversal leading into a bull trap very soon. Watch fib 0.786 zone and RSI
closely for reversal signs which could lead to breaking up from the bullish falling wedge
. This could take us back up as high as 170 ( falling wedge
target and downtrend resistance) to then send us further down to the 90 region.
as the two are tied closely together. I expect BTC
reversal at 7200.
This is still a bear market, so trade with care. If in doubt, short the top instead of buying the dip - we will go down more.