Hey there lemonz
So, #BTC has been moving within the triangle and has even reached a low of $7,260.
A BOUNCE IS POSSIBLE ANYTIME.
HOWEVER, i will be keeping an eye on short term trends shown on the charts, for a breakout of the minor bear flag forming within the triangle itself.
As time moves on , i am simply expecting a bounce closer to the trendline located at the base of the triangle.
My primary target zone for the bounce sitting between $7,198 - $7,305.
If this is to break down, bearish scenarios will unravel with a very high chance of a test between $6,685 and $5,802.
My charts have a bit more info so read below, stay safe and enjoy!!
Daily
Hourly
Legal Disclaimer: I am only as good as guesses and fibonacci , i love to share my information however i am not telling anybody to specifically follow in any of the trades or decisions i make. I win , I lose but at the end of the day i use this all as a platform to share my opinions on possible outcomes and trades i will be completing. Happy Trading!