clydeuscope

BTC weekly view (bearish)

BITFINEX:BTCUSD   Bitcoin / Dolar
The two current candles are looking very bearish . However, if some fundamental events can change that then we may avert this very bearish move.

We have good support zones at the .618 and 1 fib. But I'm still not sure if a bounce may occur there. I do believe that if price reaches that point, some panic selling will be triggered much worse than the previous one we had before.

Again, this is just a probability. I'm waiting for the current weekly candle to close. If green and closes above 9.6k, then we can still go higher to 15k             . But if it closes in the red, then we can retest 6k or may go lower to 3.5k (which is the worst case scenario.)
Komen: Better view:

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