First Publish - Chart: 6hr, Ticker: BTCUSD on Bitstamp
Been bearish on BTC for a while so why stop now?
Based on breaking through the 343 MVA and Fib Cycles - my opinion is that BTC will need to find major support at .786 Fib Level which based on my chosen points is around 7500. Moral of the story is I think there is one more dip before the real rebound. DYOR, Happy Trading
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Over next couple hours - I expect a drop and bounce off 9800. I expect one more peak and then the larger drop.
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BTC still trending downward and still expecting bounce around 7300-7500.
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Looks like level was touched on the 343 candle. Looking for full signs of a bounce.