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Bouce

Will BTC Bounce at 6900?Here's an idea I am publishing to keep a record. I am not trading this. There is an upwards trend line for the previous two lows. The RSI is getting oversold and the EFI momentum may flip if it crosses over. The combination of the trend line, RSI oversold, EFI flip and a nice candle stick pattern might coincide with a bounce at about 6900. If there is a bounce, it might only make it to the 50 week moving average and first fib. Or if buyers really show up and we break through the top of the triangle, the 200 day MA and 30 week MA could be to much resistance and reverse the price at about 10k. If there is no bounce, we could be looking towards 4.9k as predicted by the perma bears.
BITFINEX:BTCUSD
by bitzoo