We never broke out of the channel, so trends and levels stay the same as in March 19 post.
We just got delayed by a week.
Here is March 19 targets:
Most likely BTC will go down and will not be supported by $7600 any more. The next support level is around $6800 defined by 1) previous support in Oct / Nov 2017, 2) ascending trend line , 3) a first target of a broken down bear flag on March 14, 4) a target of a broken down bear flag on March 17.
$6800 level will lead to a fast fall to $5800 (previous support level and the second target of a broken down bear flag on March 14) and then to $5000 support level .
All this will become invalid as soon as Bitcoin breaks out of the channel and starts trading above $10000.
We just got delayed by a week.
Here is March 19 targets:
Most likely BTC will go down and will not be supported by $7600 any more. The next support level is around $6800 defined by 1) previous support in Oct / Nov 2017, 2) ascending trend line , 3) a first target of a broken down bear flag on March 14, 4) a target of a broken down bear flag on March 17.
$6800 level will lead to a fast fall to $5800 (previous support level and the second target of a broken down bear flag on March 14) and then to $5000 support level .
All this will become invalid as soon as Bitcoin breaks out of the channel and starts trading above $10000.