$BTC with a cwnBart kind of day, losing momentum on this move.
BTC continuously getting rejected from daily levels on the way down from $9,900 USD~. I'm personally looking for a move to the 7800~ range before a last leg up to test resistance in the 8500~ area before barting out and finding a new local low.
BTC does have a few short-term trends as support in the mean time, but as BTC fails the levels during price discovery, we generally see them as resistance levels. Slightly more bearish until we find a strong bottoming pattern above $6,400 USD before attempting another rally towards the $11,300~ level (the .382 Fib Retracement from all-time-high to currently low that followed).
BTC does have a few short-term trends as support in the mean time, but as BTC fails the levels during price discovery, we generally see them as resistance levels. Slightly more bearish until we find a strong bottoming pattern above $6,400 USD before attempting another rally towards the $11,300~ level (the .382 Fib Retracement from all-time-high to currently low that followed).
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