Bounced of previously deadly area a.k.a. 6400, reclaimed 7400-7600 range, reclaimed 8300-8800 range, reclaimed 9500, tested 10500, still bullish until 7300 is broken clearly, scale long and enjoy.
Very quick explanation: highest number of finex longs was on 6500 before breakdown, level is highest volume is also 6500. Latest low was, you guessed it, 6500. There is a chance bitcoin has bottomed, but with break below 6500, bear market might only be at it's beginning. Share your thoughts in the comments.
Just a short explanation since lot of things are said with trend lines . With this higher low BTC broke the trend of lower lows. It enables us to create upward channel using previous price levels. If we add fibs channel into this, confluence of trend lines and fibs channel marks key levels bitcoin has to break. I'm expecting 200-400$ dips at each key level btc...
