To early to call really, this idea really just feels right to me. I know there's a lot of signs that are pointing towards low 6k for bounce, but I'm more bullish minded with BTC and am cool with this .786 retracement over the bearish 1:1 scenario.
If we do get this descending wedge then you can expect some nice bounce back up to 8400 range over the weekend.
Why we're bouncing right now. Hitting that .786 FIB level perfectly

If we do get this descending wedge then you can expect some nice bounce back up to 8400 range over the weekend.
Why we're bouncing right now. Hitting that .786 FIB level perfectly
Note
LOL sorry guys, it's Friday and I'm out having fun. This also is a WAY early call. Need confirmation to bottom of green to confirm the channel. 3 points is a pattern, 4 is confirmationDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.