BTC is now out of bounds from the fib circle that was giving it hopes for a quick return to the 9-10k range.
From my previous posting, its looks like the first possibility (yellow) will be the one to likely take place.
Currently the 1 HR RSI is showing a bullish divergence and the 1 and 4 HR MACD are showing potential for a short rally up to 8.5-8.6 K and test the 200 MA.
However, the 50 MA is on a fast drop and is expected to cross below the 200 MA around Oct 22nd.
The measured move from this bear flag is expected to take BTC to test the lows at 7.9K
From my previous posting, its looks like the first possibility (yellow) will be the one to likely take place.
Currently the 1 HR RSI is showing a bullish divergence and the 1 and 4 HR MACD are showing potential for a short rally up to 8.5-8.6 K and test the 200 MA.
However, the 50 MA is on a fast drop and is expected to cross below the 200 MA around Oct 22nd.
The measured move from this bear flag is expected to take BTC to test the lows at 7.9K