Bitcoin looking for a DCB right now. Historic resistance at 6460 level will place shorts from this entry point expecting more downside to come in the next week or so. 5800 target seems more likely now
Eth could mirror bitcoin in that if the 200 ema cant be broke we could see a collapse down to the 300 dollar mark again. cautious approach still dont think we have started the bull run
Bitcoin would need to break through the 200 ema line marked with arrow to show that the bull run is back. cautious approach as could see a collapse down still to around the 6k mark.
Neo added the fib to show some areas we could retest. As of now holding my support zones. Weekends are usually when the market loses captial. I have marked the next support zone if the market keeps moving to the upside
Still not 100 percent sure we are out of the woods yet. Fib shows areas we could retest before we start to trend up. I would like to see 10K being met before im certain the market is starting to move in the right direction.
Bitcoin seems to be consolidating looking to find a bottom around 6200. There could be a breakout towards 7500 number from 6200. If the breakout doesn’t happen to the upside we could then start to move down to test 4500-4000