As projected - $7,300 would be our top of the impulsive wave up. We didn't quite reach that height, which leads to me to believe the move downward to $6,500 is very likely and $6,000 an even greater possibility.
All we can do is track the beast and project.. NEVER predict.
The RSI (Relative Strength Index) is weak
We are oversold, and a bounce back to the Yellow horizontal channel is likely, but favors a downturn come the red down resistance.
Man, it is good to have your guidance in this. Let's hope for a new bottom at 6k! :)
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