BTC/ is at a critical point.
It is going to take a lot of momentum if we are to break back above resistance at this point.
This is an update on an idea I posted not too long ago, showing the channel to the downside.
Right now, it is possible we are experiencing a move to the 7800 levels over the course of a few days.
If that happens, I would like to think we'd also experience a significant bounce! A break below would yield $6,000.
These are just my opinions, and not actual trade advice
Here is a 5m chart to show you.
It is going to take a lot of momentum if we are to break back above resistance at this point.
This is an update on an idea I posted not too long ago, showing the channel to the downside.
Right now, it is possible we are experiencing a move to the 7800 levels over the course of a few days.
If that happens, I would like to think we'd also experience a significant bounce! A break below would yield $6,000.
These are just my opinions, and not actual trade advice
Here is a 5m chart to show you.
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