We have two fibonacci trend extension , one support level and one harmonic pattern and a channel bottom confluence zone at about 7800-8100$ area. So this may trigger some upside reversal (short-term maybe). Watch this level out .
If I understand correctly, we may have a short term to up side and then down again? Do you perhaps have an idea of where the short term up will end and to where we will go down after that?
jaber.khodadi
⋅
@BrettduPreez,I am sure of short term upside. as you can see it's going up after touching the zone immediately.
But whether this is a short term correction or a complete trend reversal, I'm not sure about that yet. I need more price action to confirm that.
however, another downward impulse is highly probable to as low as 5000$.