From the last update, BTC tried the rejection level twice and it didn't have even a chance (Marking purple box in the previous post). After hitting it, there was about 6% drop and was under support, new rejection at $10600.
Now BTC is making falling wedge and it looks like it will go all the way. There is not a lot of time to stay above $10350, witch is very important for escaping the bearish case. It is very likely that will touch $10k and fall below.
First stop should be at about $9750, probably won't stay long at then price can go lower, at $9300/400.
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Now BTC is making falling wedge and it looks like it will go all the way. There is not a lot of time to stay above $10350, witch is very important for escaping the bearish case. It is very likely that will touch $10k and fall below.
First stop should be at about $9750, probably won't stay long at then price can go lower, at $9300/400.
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