-Price keep making new Lower High and Lower Low which indicate bears are still strong.
-Next psychology support level will be at 7500. Massive bull might enter to buy at level 7000 or 7500.
-Current H4 chart show Doji candlestick pattern at the trend line. Price might do reversal and go up to make new lower high again.
-For those who want to buy now, set your stop loss at 7000.
As for now, I will be waiting for the outcome of discussion on virtual currencies between SEC and CFTC on 6 Feb 2018. I'm looking for strong bullish movement.
Daily chart:
-Next psychology support level will be at 7500. Massive bull might enter to buy at level 7000 or 7500.
-Current H4 chart show Doji candlestick pattern at the trend line. Price might do reversal and go up to make new lower high again.
-For those who want to buy now, set your stop loss at 7000.
As for now, I will be waiting for the outcome of discussion on virtual currencies between SEC and CFTC on 6 Feb 2018. I'm looking for strong bullish movement.
Daily chart: