Here's new study what could happen if Bitcoin breaks low $6,533
Williams Fractal pattern found similar to one in February's climb from low. Extension 1.618 and 2 marked with red arrows could be useful targets to watch if market breaks low of $6,533.
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Potential bearish pennant forming again. Weekend of indecision or surprises?
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Looks now like a bear Flag. Will this indecision go on till end of the holiday?
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When comparing lows with February's I guess one has to take into account that if looking at the 4 hour chart the price did not move sideways by much until it headed up from lows, in which case maybe the longer market moves sideways then the greater the chance of another leg down. I've got all my alerts worked out. We'll just have to wait now and see.
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#Bitcoin broke $6,533 no point thinking the market could go up unless it breaks $6,927 just forget it #btc_usd #btcusd #bitcoin #crypto