If the immediate lower trendline is broken, then any of the fibs levels on the chart, may be the levels to look for.
I don't see it falling lower than at max $6500 at the current moment, but it may of course reverse before that.
I don't see it falling lower than at max $6500 at the current moment, but it may of course reverse before that.
Note
Seems like there is an SHS in the play as well:Note
With the SHS in mind, I would assume that BTC might just rebound then touching the SHS neckline (red line). That area has very strong support (pink color line), so it might be the turning point.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.