walletin

walletin Updated 

The trend is likely to rally up the yellow fib circle before finally consolidating again. In that case I expect the target to be around 9270-9300 USD. If the trend cannot break through the initial resistance thought, it will fall significantly. However the RSI shows a potentially bullish pattern.

walletin

Shortterm I expect BTC dropping to at least 8960 USD until it finds support again. 8960 USD is a former respected resistance also supported by two fib circles. Furthermore on the hourly chart it seems like it would perfectly hit the 55 EMA. The dotted red line is a longer term resistance trend which supports that development. Be aware that it might even break...