BTC Hit a brick wall between that downward trend line and the 89ema. Look for 9600 - 9475 Blue Box Zone as the Bull response zone.
If that doesn't hold, I suspect this symmetrical/descending/Down ward channel to break lower.
I also find an interesting support line at 9050. We'll see if it helps at all.
This looks nasty but I suspect a strong bounce off of one of these 2 areas.
If the bulls do get a bounce, watch for volume because they could shoot for an upward break without violating the true formation downwards.
ALL EYES ON THE BLUE BOX, Thar She Blows!
If that doesn't hold, I suspect this symmetrical/descending/Down ward channel to break lower.
I also find an interesting support line at 9050. We'll see if it helps at all.
This looks nasty but I suspect a strong bounce off of one of these 2 areas.
If the bulls do get a bounce, watch for volume because they could shoot for an upward break without violating the true formation downwards.
ALL EYES ON THE BLUE BOX, Thar She Blows!