We are currently following the previous breakout pattern after the Bitgrail fiasco. Will update shortly.
Yellow is supports, white is the previous downtrend, green is the current uptrend. Whatever it is that you believe, we are still in an upward channel and it will take allot of major supports to be broken in order to change that fact.
Nano is looking really good on the 4 hr. We are looking to break the first major resistance. When this occurs we should see a nice break to the next resistance around 88 SATs.
There is significant resistance at current level. It will likely break on Monday after the work week starts, although, it is entirely possible we see a break today. Will be green from there.
Sunday will most likely remain pretty flat until the work day starts.
Like I said previously, there was no reason for Bitcoin to drop and now here it goes proving me right. Its you magic monkey throwing magic poop at the wall :/
Info in the chart. Bounce is based on the previous breakout. I honestly don't see any reason Bitcoin should drop. You can say it will drop to 6k all you want but there is no real reason for any correction down to that level. The FUD as of recent has been weak and we just experienced a significant drop, not to mention we have very strong support around 7700. Not...
Info in the graph. Everything is based on how Bitcoin moves. Not professional financial advice. Will update periodically.
My previous post also pointed out a bull flag possibility. However, this all really depends on allot of factors, primarily how Bitcoin will choose to move. Info in the graph. Not Professional financial advice. Take it with a grain of salt.