If we look at the last few days BTC hit my 1st target zone and bounces back 11.000 USD ish, higher than I expected (10.000 ish) but are now looking like it wants to go lower again.
At the moment it is again out of my ascending channel and looks like it has come in between to pivot lines, 10.770 as resistance and 10.300 as support. I am expecting it to sit a little bit here between the lines and then try break the 10.300 once more. If it breaks it has first support around 10.000 which have a big psychological effect 5 or 4 digits and could potentially go for a little bounce, but again, I don’t expect it to hold and are still seeing it much lower towards 2nd target around 8.000 and 3rd target around 5.000
- Lets see where this brings us today
At the moment it is again out of my ascending channel and looks like it has come in between to pivot lines, 10.770 as resistance and 10.300 as support. I am expecting it to sit a little bit here between the lines and then try break the 10.300 once more. If it breaks it has first support around 10.000 which have a big psychological effect 5 or 4 digits and could potentially go for a little bounce, but again, I don’t expect it to hold and are still seeing it much lower towards 2nd target around 8.000 and 3rd target around 5.000
- Lets see where this brings us today