6500 provided the expected small support.
More support just above 6000, which should provide a bounce off the bottom of the triangle.
If the top of the triangle provides enough resistance BTC will drop to 5400 for a larger bounce.
This is all somewhat subjective and many clarifications and checks need to be seen before trading. It could go either way and it could be big, or small. Not a time to take risks.
I'll be keeping an eye on the daily RSI, watching for an oversold opportunity to coincide with other signals.
Caveat: I am not a professional trader or adviser. Do your own research before making any trade. Never trade more than you can afford to loose.
More support just above 6000, which should provide a bounce off the bottom of the triangle.
If the top of the triangle provides enough resistance BTC will drop to 5400 for a larger bounce.
This is all somewhat subjective and many clarifications and checks need to be seen before trading. It could go either way and it could be big, or small. Not a time to take risks.
I'll be keeping an eye on the daily RSI, watching for an oversold opportunity to coincide with other signals.
Caveat: I am not a professional trader or adviser. Do your own research before making any trade. Never trade more than you can afford to loose.
