POSSIBLE SCENARIOS
1. If Price bounces above Support Level of 9700 possible upward movement Target is 12K$ but if breaks down to 9400 Target downward movement is 8400-8500 level
2. Remember we still have CME GAP below 9400 which is 9400 - 9500
3. New CME GAP @ 10400 - 10500 area
4. Price still in Ascending Channel
5. Price above EMA200
6. Price above Ichimoku Cloud
7. Price must break the Strong Resistance that becomes the Support Key @ 9400$ for the downward movement to continue
8. Price Closes today above 9700
9. Golden Cross has been merge MA50 crossed above MA200
10. Price above MA200 and MA50
11. But remember
a. StochRSI just confirms the downward movement
b. MACD Support the downward movement
c. ADX doesn't Support the Buyers
1. If Price bounces above Support Level of 9700 possible upward movement Target is 12K$ but if breaks down to 9400 Target downward movement is 8400-8500 level
2. Remember we still have CME GAP below 9400 which is 9400 - 9500
3. New CME GAP @ 10400 - 10500 area
4. Price still in Ascending Channel
5. Price above EMA200
6. Price above Ichimoku Cloud
7. Price must break the Strong Resistance that becomes the Support Key @ 9400$ for the downward movement to continue
8. Price Closes today above 9700
9. Golden Cross has been merge MA50 crossed above MA200
10. Price above MA200 and MA50
11. But remember
a. StochRSI just confirms the downward movement
b. MACD Support the downward movement
c. ADX doesn't Support the Buyers