If bitcoin falls below 8000 we will quickly see this drop back down to 7700
I will be setting a sell order on the break of B wave on the 4 hour chart, trade will only be active if this price is broken.
We can see the 4hour forming an inverted cup with handle, as mentioned wait for the break of B wave to enter and set target to 7700
We can see on the weekly chart bitcoin is currently finding support on the 50ema.
Daily shows price could drop back to the daily support level
I will be setting a sell order on the break of B wave on the 4 hour chart, trade will only be active if this price is broken.
We can see the 4hour forming an inverted cup with handle, as mentioned wait for the break of B wave to enter and set target to 7700
We can see on the weekly chart bitcoin is currently finding support on the 50ema.
Daily shows price could drop back to the daily support level