This is a quick update for my previous post. The graph illustrates why BTCUSD will have a probability of moving in these directions in the coming days.
Many of the possibilities that BTCUSD will do these coming days. The bottom line is, in my own amateur analysis, is bearish until it touches the 8000's zone. I can say that many retail trades must have had their buy positions at this point in time leaving their tight stop loss few pips below 9200. Diagonal support and resistance lines and arrows gives be the...