BTCUSD Bouncing off 9500, trying re-entry into 10000!
Our previous Crucial Point of intersection between the parabolic extension and sloping resistance has played to the 'T' with a number of Doji candles and we are now found waving sideways on the 9500 region. As it stands the bulls cannot keep a healthy run to the upside and further drops would be completely normal correction where bulls will most likely gather for the next charge at critical points 9000, 8600, and worst case scenario 7600. There is speculation that we may drop as low as 6k, anything is possible but i wouldn't bet all my cards on that kind of storm.
As always Trade Safely, Happy Trading.
As always Trade Safely, Happy Trading.
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