I think in next 24-48h will return to CME GAP point, before CME opens in order to not open with GAP.
Or opens with GAP and returns to normal mean into the week.
Bitcoin currently been rejected by the main pivotal area at this point, unless we clearly close above this pivot next area of interest is at 27.6k.
Yesterday chart objectives were based purely at fibonacci projections, this ones are the main pivotal areas as you can see in chart.
Not much to say.
If we hold support (the grey square), I will enter a Long Trade with a pretty tight stop-loss that will be moved according to how this setup plays out.
As always:
Don't use this as standalone strategy. Combine this with your favourite indicators to get confirmations.
This is not financial advice, but meant for educational purposes.
As...
It seems rsi is forming a descending symmetrical which is a down trend sign.
Distribution phase is gonna over because of macd sign, and price went in ichimoko cloud, ma's are on price(These are sign of range).
But no one knows future(Yet :D), so keep your eyes open on chart, another big trend is coming guys.
Above 9700 means up trend to 10500 me, and below 9600...
Good day,
Current upwards channel for BTC.
To remain Bullish, price needs to stay above 7290$
Next strong resistance at 7950-8000$
Good luck,
Stay safe
Sometimes vision comes unexpectedly as we often are overwhelmed with the media buzz.
This is one of possible options for Bitcoin price to unfold.
As you see the final stage could destroy the price to the very low levels.
Although there is another spike to retest the former top of 13880 in between.
I believe we will see 6515 (23.6% FIBO Level). With the current strong bearesh trnd, we may see a strong boune back to test 6000 level again. If it bounces back, then it will go test back 6880 (36.2% FIBO Level).
