Short

BTC to 7000

Updated

I think BTC is forming a triangle and will head to 7k on it's next leg, based on the pattern seen so far and the bearish divergence on the 4h chart.

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Bearish divergence I mentioned.

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Slight revision, I think that we actually will only hit $7400 this time going down.

snapshot

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Here's a look at BTC over the next few hours...

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So far so good, reaching a key point right now to see whether BTC will bounce off the triangle edge or not and continue down into the abyss.

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I'm expecting a small bounce, but that's about it.

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To about $8250.

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