We are potentially breaking this downward trend seeing some reversal and bullish candles. We will see what happens with the 4hr candle close.
This is my current position on XBT/USD
If the daily candle closes below 9400 then that confirms that the upwards trend we have been in has been broken. We can expect to see a big price drop over the days if this happens.
This is a better picture of the previous chart analysis I did
On the 1-4 hour chart we see a swing high and a swing low plotted. As the Fibonacci shows it looks like we could easily see higher price ranges in the next couple of days. I am expecting a $300-$500 bounce.
This is a better picture of the chart for the last analysis I did
We see we are reaching the bottom of the trend line around the 9500 area on the 4 hour chart. Looking to take a long position once we reach these levels and see a reversal and a retest. Stay posted.
We see we have broken the trend line downwards and are now seeing resistance from the previous support, will be taking a position if we break below the current short term trend.