***Analysis by wedge pattern*** Down of 6700$ : SELL -> to 4200$ break R2 zone: BUY -> to 8800$(important point) OR to 10000$ end of the channel
This analysis depicts that has SP(green zone) and R(red zone)
if corner pattern has broken, the price will reach to 7300$
RS1: 6900$ Zone RS2: 7500-7750$ Target: 8800$
Head and shoulder pattern will be completed. it can drop down..!
Cup pattern will be completed and it can drop down ...!
if price breaks that channel, the price will go up to 6900$
I think BTC can support by SP and trend line support then up to 8800$
you can see fibonacci and elliott wave and trend of grow up
Touch that end of the channel and then return to the support line. Lastly, I hope the channel would be broken
it needs pull back and then drop up till upper than 6000$
this green cloud i signed it. the price didn't touch it so it is predicted the price touches that zone soon