It seems that the bears have been defeated on the short term. MACD is trending on the upside and RSI is bullish. I think the $9200 resistance level may be rejected which would cause a minor pullback to the upper boundary of the $8400/8500k support level. The reason I think this is because it looks like last 24H candle may close as a doji which would make 2 in a...
Take a look at the RSI and the trend lines. I don't think BTC will drop much further.
If the triangle breaks downwards, the next stop support level is at 12600 sat.
Major support/resistance levels are white, the minor ones are grey. Bitcoin has been trading in the 12650-16000 range for a while now and while BTC is still trading in that range, the last few hours it broke the uptrend channel that it's been obeying for the past 3 weeks. The only logical way would be down but since this is Bitcoin I don't want to draw...
Let's see if QTUM can hold the pink channel.
Wait for the triangle to break. This may actually not happen this week. I'm bullish on BCH so I think the triangle will eventually break upwards. The 1.618 Fibonacci extension lies at around $6200 but I set my sell order at just under $6000 because I expect heavy resistance around $6000.