Just giving a quick updated chart on us breaking the 0.382 level. Right now on the 1H it looks like our RSI is curling out of the oversoold zone, the last time we did that it bounced out of the $10,500 range back up to $12,400 - but who knows what will happen as we get near to the psychological levels of $10,000. Our next stop on the way down is $10,665 so let's see if we can hold that, otherwise we have the potential to free fall down into the $9,000 zone. Cross your figers and watch closely!
Comment:
We are bouncing nicely off support and seem to be heading back to the next upper fib level. Let's see how this plays out overnight!