BTC Downside On The Point. The Rally Is Coming.

The movement downward went as expected. BTC found resistance 4110 which was right in between the 78.6 and 88.6 fibonacci retracement. Price was violently pushed away from the above described zone and for what is visible in the present its an impulsive move. We are left to wait if the current impulsive move has force enough to go on and make new lows.

I personally believe we need to AT LEAST have a new impulse to go above the current top at the 4200 price level.