Long

BTC bear trend continues, $5500 the new $6500

Updated

Like a lot of people, I thought BTC would test at least $8000 by now. Fact of the matter is we are still bearish. All the sideways action proved to be a losing battle for the Bulss. All the nay say'rs that we wouldn't go below $6000 got a dose or reality today. I for one have called it myself, just took longer to get there. Coinbase price is currently near $300 below Binance, Bitfinex and Cex.io. Resistance is currently $5640 on Coinbase and Binance is $5939 on the 15 minute chart. $5100 is the next critical support level with $6200 $6400 the next target area. I for one will not miss this opportunity.
What to you think?

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Bigger look.

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1H is reversing, target is 5450. Looks like more Bear pressure incoming.

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1H formed a Rising Wedge with the target of the break out nearly reached. Target is $5450. Take note of the 2 prior closing candle.

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15M look

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Target nearly reached. Rounding top forming on the 15M time frame.

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Broke support line and then some. Lower to come.

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