$BAT recently broke out of two resistance levels. I expect a quick retracement as RSI is showing OB. After the retest of former resistance turned support, we will see a move to the resistance I identified with callout bubble.
BTC is currently resting on the last minor support before 3400. It is my view that we are still finding lower highs and lower lows even after dead cat bounce. Short trade entry is after this support breaks with the first target at 3400.
According to the channel we are currently in and also taking into account the China uncertainty + possibility of more negative news about exchanges being shutdown I believe we will have a chance to enter long along lower support line of channel.
The bounce at fibonacci level did not provide us enough of a push to get past this midpoint. Before we move to upper...