Overdue bounce but could happen below the current support level
BTC might bounce now at 6,350$ but I expect bitcoin to test the 6,800$ resistance level from a lower level.
Note
It seems like the correction is starting.And there is room for a short squeeze (see below the volume of short contracts on Bitfinex)
Note
Maybe we won't have the correction wave (pink ABC line)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.