This next drop should find significant support at the fib + previous resistance, now turned support, level. Depending on the strength of this bounce, we could see a run up to 10K... or just a big dead cat bounce down to $3.50...
o.o....
o.o....
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Bullish signs appearing on BTC... looks like a bounce incoming.
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Spinning top closed on the daily and we're seeing but volume come in.
Long the ponzi
Long the ponzi
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Inverse H&S in the making :
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Inverse H&S rejected. Stop Loss triggered.
New pattern at play : Descending Broadening Wedge
Still got my short @ the top open.
New pattern at play : Descending Broadening Wedge
Still got my short @ the top open.
Unless we break that resistance, we're most likely going back down to the target support area I earlier depicted.