Hi guys! We had some correction during last week, and price found the support at 7500. BTC came back to retest the support and touch the downtrend line that we had since 13k and broke recently. BTC just formed the Diamond pattern, which is a reversal pattern. We also have an inside bar on the key support level, daily StochRSI under 40 and daily RSI ~50 which is perfect conditions for reversal.
Comment:
FUD. It should bounce soon.
Trade closed: stop reached