So I'm going to just patiently sit back and wait for this swing trade to come to me. We will most likely break 8200 soon which means 8k won't hold and we will test and probably break 7800-7200. Once we get back to the former low we will break that too and once that breaks... BTC -0.39% is falling into a sinkhole as there is no support for another $1000 till possibly the high 5k range. If that doesn't hold then 3k is the next real support. 6k-3k is my Swing Trade target where I will be scaling in buys, anything below 3600 I'm just going to buy like no tomorrow and dollar cost average.

The price could not break 10000.00 resistance level and we saw a downward movement to a possible support zone . It can give us new reversal signals with further upward wave. This support zone is formed by 0.50 and 0.618 Fib levels and it also includes 8000.00 support level and SMA50 from the daily time frame. We can consider this zone as a strong one and we should expect for a price reversal with further upward movement to 9000.00 and 10000.00 resistance levels. The bullish divergence gives a trend reversal signal. If the price bounces from the support zone and breaks the downtrend line, we'll get the trend reversal confirmation. It will give us a new buy opportunity as well. If the price drops below the support zone , the uptrend line we'll be another place providing possible reversal signals and buy opportunities.

Sir @cryptographic,

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