Check my previous anlaysis where i predicted rebound around $8000.
My blueline has proven to be a very strong support line. I just love how accurate this was. We got our rebound. Time to go up from here.
The next 24 hours will be crucial.
When BTC was around 5650 in October 20, i showed a chart showing the possibility of going up an average of 52% and minimum of 35% from 5190 price. I was expecting a minimum of 6900. The new high is now around 7740 which is about 49% increase from 5190. (checked related idea below for original post)
The average was formulated by looking at the candles...
Candle sticks show signs of reversal today. I expect a spike to around 14.75 level and then pullback. New bottom over the next days could be somewhere above MA100. lets see what the coming days reveal.