BTC failed to bounce from support zone at 8000-7800 as I previously expected. Now, it is retesting support zone at 6200-6000. Failure to bounce from this critical zone shall lead to RED ZONE at 5500-5000 which was previously created from October 12, 2017.
So, all we have to do is to wait for a magic bounce from this zone.
I will update later.
Please follow me for...
I will carry out a short analysis on current BTC trending. W-shape is formed around support zone 8000-7800, so i really hope for a strong bounce from this area. However, due to the relatively low volume (as now the lunar new year is coming and many negative news relating to BTC, miners, etc.), a recover to 10200-1000 is much more practical.
However, it should...
