Something I noticed.
Every retrace since february has been a perfect retrace to the golden pocket (0.618-0.65 Fib area)
Currently we are facing another golden pocket area again around 7.5K. There is alot of confluence resistance in this area which could lead us back lower.
The 200EMA is above us that act as resistance
Trendline formed since ...
A break of the neckline of this Inverted Three Buddha Bottom could potentially bring us to a higher high and the beginning of a new bull market.
A rejection of the price at the neckline will probably bring us to new lows.
The OBV suggest that buying pressure is increasing significantly.
I will watch this one very close.
After a heavy retrace it looks like wanchain has found support and whales are accumulating in this choppy area.
On the RSi and OBV there is strong bullish divergence wich indicates buying pressure.
The party is gonna start soon!