Hi guys,
Digging deep again on BTC, pattern found is BULLISH CHANNEL not rising wedge as described before.
This channel is expected to terminate at (7400-8000) which equivalent to 78.6% fib retracement of the previous move with the high at 8400$.
RSI signal uptrend continuation which is Bullish.
Channel wave also indicated Bullish sign.
Then if the above target is achieved a possible reversal down may follow.
Immediate Resistance are:
6795
6870
7185
7495
7940
8200
Immediate Support are:
6418
6225
6120
5865
5760
I will keep updating this thread as long as market proceed.
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Thanks