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....
Nota
This current drop showed a reversal in the lower time frames with a diamond / inverse h&S reversal, however it got stopped and retraced leading towards a Bear Flag being made.
Unless we break that resistance, we're most likely going back down to the target support area I earlier depicted.
Nota
Bullish signs appearing on BTC... looks like a bounce incoming.
Nota
Nota
Spinning top closed on the daily and we're seeing but volume come in.
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