Always do your own research this is not trading advise rather my own opinions.
On the daily chart the RSI and Stoch RSI are in the oversold region however we can still go down to a target of around 6600 and still be in the channel.
In my opinion the sell of that we saw a couple of day's ago was due to the miner difficulty adjustment taking some liquidity in order to pay the bills. We can still go down to @ 6600 as it would still be in the descending channel before we go up to a target around 8000-9000 range .
What do you think we go down or we bounce up from here ?
On the daily chart the RSI and Stoch RSI are in the oversold region however we can still go down to a target of around 6600 and still be in the channel.
In my opinion the sell of that we saw a couple of day's ago was due to the miner difficulty adjustment taking some liquidity in order to pay the bills. We can still go down to @ 6600 as it would still be in the descending channel before we go up to a target around 8000-9000 range .
What do you think we go down or we bounce up from here ?
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Be ready a retest of the 6800 zone would create a double bottom and a good long position if it holds.