BitcoinShort
Near term downside support
If we see a break and retest of the current ascending channel support line at 6535, I see a continuation down to the next support at 6275 region. June 13 has supporting candle sticks to support this on the 4 hour chart and we can duplicate our current ascending channel support and resistance lines including their relative distance apart to provide our next downside target (6275 as above).
Still expecting one more impulsive leg down to longer-term support of 5860ish region prior to seeing a longer term change in trend.
Still expecting one more impulsive leg down to longer-term support of 5860ish region prior to seeing a longer term change in trend.
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