Expect stronger support at the fibonacci levels and at the SOW's (purple lines), wait for the retracements to enter a short.
Most likely area for a bullish reversal is at $7000 - $6800
BTC shows the same pattern from October 2017, also the stoch RSI signals a strong support which will very likely break the major downtrend at around $8500 and end the bear market!
If it touches the A&E neckline we have a confirmation and can expect BTC back in the $15000 range.
But I expect that it will fall down to $8000 first in the next couple of hours which...
