so I started my short at 1540 and so far seems that it may go further down
on daily chart
the trend seems strong down 1475 seems as key point if break
then by weekly chart I will not be surprised if we meet 1400
all indicators used in this analysis are free to use on my page
so in this week if it keep the 1475 then we may...
Using the tool that I created we can easy build a channel based on Pivots instead of linear regression (behavave similar but with some diffrence)
If we use daily chart then we expect the btc to drop to area of 7900-8300 and if it keep this level then we have real correction and from there we will break up back to area of 14000 and higher (this is a positive...
BTC seems at crucial moment , if we do not see rise at volume then by weekly chart
both by linear regression, MACD , RSI we expect a drop which can be very hard
so all depend if we held the support at 9300 otherwise its downfall to 7900 or even lower
Positive senario can happen if sharks will think otherwise:).....
The BTC for near future seems to go in the wrong direction as it can fall very hard
The volume RSI seems to falling down in direction of strong correction. so i expect to fall to 5700-5800.
Lets hope not bellow that as then it can fall to area 5 .
On the other hand if the btc hold the correction cycle then it great time to buy it . i still think that after...