BTCUSD
Updated
The uptrend from the low of 15/9 to the low of the 6/2 was broke, so the next target is the previous low about 5920 level which meets with center line of the new descending channel and the top of the oldest descending channel.
If the price fails to bounce from this area, it will go to the 78% Fibonacci (Monthly) which meets with the bottom of the new descending channel and the old uptrend from the low of 25/3 to the low of 16/7 which is about 4250 level.
If the price fails to bounce from this area, it will go to the 78% Fibonacci (Monthly) which meets with the bottom of the new descending channel and the old uptrend from the low of 25/3 to the low of 16/7 which is about 4250 level.
Note
BTC fails to close over the broken trend, let's watch 6455 level.Note
DivergenceTrade active
Here, the target reached and the bounce happen. but, BTC will go more deep.
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