So in the past 2 hours we've seen a huge sell off in BTC with price action testing the $9400 level, which aligns the previous blow between 2/24 - 2/26 and had acted as resistance back on 2/3-2/4. The question is whether this area will hold or will price be able to break lower as the day goes on.
In my opinion, there is great buying pressure here and enough to hold price at present to these levels. I think this level is a great buying op and anything lower even better.
I'll be watching closely for lower buying opportunities on this one.
@Crypto_Sid, I hope that´s it now - I thought it would go to @$8200. The symmetry from the spike down on 17 Jan touches this resistance and forms a larger H&S. I am no expert but learning everyday.