Bitcoin has rejected the Fibonacci support level multiple times which could indicate on the upcoming wave up. The $6220 currently is the key price level I am watching, and while it is holding the massive buying opportunity is presenting itself. This seems likea very good risk/reward trade, as the upside potential is $18k and then $35k, that could be tested before 2019.
But as soon as there will be a daily close below the $6220 level, the bullish outlook shall be invalidated which should result in a consolidation or a continuation of the downside move.
But as soon as there will be a daily close below the $6220 level, the bullish outlook shall be invalidated which should result in a consolidation or a continuation of the downside move.
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Daily close above the support indicates on the Bitcoin bullish intentions. Watch $6220.... daily close will be below will indicate on the strong bearish momentum.
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Daily close below $6200 is needed for the downtrend continuation.