BTC at the moment bounce off EMA200 (9100$). This is very strong support level, but if it breaks BTC will go directly to 8000$ with some small stopovers on the support at 8500$ level.
If scenario, mentionet above happen, the next stop will be at 7000$ support level.
But aslo would be good if BTC bounces from current EMA200 level. Truly I expect a reflection of BTC by EMA200 even if it is hard to believe.
We have fully formed 2 patterns: reversed H&S and double top. Really dont know which pattern will affect to the marke in the next 3-5 hours. The only way to know is just wait. Volume is getting lower. MACD has negative look.
Komen
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On H12 TF BTC is testing downtrend channel and FIB at 9100$ price level. So current level is can be reversal point also. But because of formed bearish flag I suppose price will dropdown.
Komen
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So the dropdown! Most of traders are already discussing about testing of new resistance level at around 10k$, but I think BTC will test support level soon.
BTC H3 TF BTC is repeating it previous movement path - bearish flat pattern. And according to it the final destination could be the dump. I suppose dump could start within next 24h-36h