If we close the current candle below the magenta line I think we still keep going down. BTC just fall with the opening of the futures markets of the SP 500, but we have to wait for the market to open. I will keep adding to my long position buying the DIP and catching the basis.
The four hour chart is currently on a no trade zone for me. I just draw two lines where I will turn bullish or bearish. Right now I took 50 percent profit from my short that I placed on my last charts.
Two days ago I published a chart indicating a pullback to 6550 and then Bounce. Currently we have a nasty day. I'm looking for a two days correction or maybe three. Trade safe, I will keep you posted guys.
We have seen a break out to the upside when we pass the 6850 resistance. I think we will have a pullback to the 6800 6500 area with a 50 percent probability. Remember that the market in this enviroment is risky because of volatile swings and we can change our mind tomorrow.