With a low at 6400 should increase around that low and when the low will be around 6600 should increase at the breakout.
My longer term view are still much lower prices, have been targeting 4K,6K,7500 for more than a month now. But markets work in waves (usually), so if my plan works out and it becomes a , we should expect a sideways weekend. First target should be around 7300. But ideally it would go towards 7800/8200
Again, we are not there yet, so this pattern could turn into anything, but i guess this would be the most logical at the moment
Below the 7000ish it could still work
Key points for now are 6800 and 7100
I would be surprised if the market just keeps on dropping without shaking some big bears out.
I just saw a big biy order of 1500 BTC at 7100. Biggest one i have seen so far. Still people are dumping though :) So my guess the stakeholders are doing a rescue mission, but if selling pressure continues like this than chances increase even THEY won't make it.
I think chances are bigger we higher from here, making a correction to around 7600 at least.
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