I think If we close above the upper red line we will probably see 12.9K 13.2K range at least.
If we close below 8600's there's a high possibility to see lower levels.
In the weekly chart we've broken the downtrend, however, in the daily chart we've returned from the downtrend line.
Next week's candle should not close below 8000's as well.
The graph is...
Marked the channels and my buy back area in the chart, I 'personally' don't think that we'll get back to our previous channel, after such a worldwide popularity the daddy BTC should not get back to it's nostalgia channel. Yes it is our nostalgia channel and it may act as our support for our next movements.
Open for any comment to my idea
I love NEO, great coin as a long term holding, also it's gift gas' value is also rising against BTC.
My fibonacci graph says we've reached to our short term target. Marked possible re-enter levels if we get a possible pull-back.
Seems like we've already reached or very close to our short term target. Elliot wave 5 may extend to 1600 still, if not I've marked possible re-enter targets for ETH's long term. I think 870's 860's are more realistic targets, we'll see.
BCH is the best coin keeping its support during the crash also BCH is gaining power against BTC if you check out BCH - BTC graph. It's competitors XRP and ETH already made big jumps. Why not its now BCH's turn? Let's watch, will add if we break 2850 level.