Bitcoin 1 Day Update
$7000 didnt hold
If anything I would say Bitcoin is just having some side way momentum
Watch for:
- Rising wedge = bearish (watch for a test of the .236 fib)
- Resistance trend line hasnt been broken or tested
- S/R are pretty much the same
- Still above the BB
- Last candle was a hanging man (sell signal / bearish)
Overall:
If we break support at around $6600, I can see Bitcoin and the market going down
If we can hold around $7000 and get enough volume and moment, then $7200 is still in tact
If anything I would say Bitcoin is just having some side way momentum
Watch for:
- Rising wedge = bearish (watch for a test of the .236 fib)
- Resistance trend line hasnt been broken or tested
- S/R are pretty much the same
- Still above the BB
- Last candle was a hanging man (sell signal / bearish)
Overall:
If we break support at around $6600, I can see Bitcoin and the market going down
If we can hold around $7000 and get enough volume and moment, then $7200 is still in tact
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