BTC to 10400??
Here is a very simple chart which shows that BTC still hasn't broken the overall uptrend on the daily,
I have drawn an internal trend within the overall trend which has now broken. however price has bounced twice off the 38 on fibs.
typically a bounce off the 38 is the strongest move of the fib levels, on this chart that isn't the case.
IMO if we break below the 38 we should see a big move to the downside possibly to resistance. $10400 Mark.
For now this is a consolidation zone. there is a lot of indecision with BTC right now.
I have drawn an internal trend within the overall trend which has now broken. however price has bounced twice off the 38 on fibs.
typically a bounce off the 38 is the strongest move of the fib levels, on this chart that isn't the case.
IMO if we break below the 38 we should see a big move to the downside possibly to resistance. $10400 Mark.
For now this is a consolidation zone. there is a lot of indecision with BTC right now.
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