as i said in my last idea, if we lose 10550 support we are likely to see some very bearish plays. we lost 10550 and failed to retake it, currently trading in a bear flag. 10200 is the next support where we could bounce pretty good, the overall market sentiment and bearish strength could push BTC back under 10k this week. if 10400 holds today we could see more ranging between 10400 and 10600 until options expire friday, expect volatility.
Comment:
bear flag broke down. could see a bounce and test of 10400 here. if 10200 breaks in the next couple hours we will likely head straight down to 10k. If we hold 10200 10300 for a while we are probably in for some pinball. Still looking like <=10k incoming very soon.
