- Rising wedge
- Declining RSI
- Once it breaks support we will go down for a while
- On every support (orange lines) we will probably make a little bump, so use that to make some little profit
- If we break the major resistance (red line), Dash is going down to the fib 1.272 (blue box)
- From the fib level 1.272 it's time to go long on Dash...
Let's watch...
There are 2 scenarios for bitcoin, (bit obvious) but bullish or bearish.... let me explain:
1. If bitcoin has the power to go above the fib 0.618 (8402.2), it's very likely we'll see 9k (fib level 0.789)
2. If bitcoin doesn't have to power to go above the fib 0.618, we fall back down (will bounce around the fib levels a little) all the way down to 5k. This will...