6.5k at most is what it looks like until I believe we drop. Ill just use this chart as opposed to Binance from now on, as more people trade on BitFINEX.
My guess of 5786 was close, but slightly off by 30 dollars. Which doesn't seem like a lot, but it is still a little over .5%. So it could have been better, but the area was impeccable.
Anyway lets get this bois and girls. im looking for 5438 after a drop from 6.6 if we even reach that.
Then id like to see a drop to 5.1. I think 5.4 is a safe spot, because even if BTC drops all the way to 5.1k, It looks god to go back to test at 5.4. So the easiest way to recover would be to have funds in an alt that has positive ta alongside BTC. Refer to IOTA chart for example. You will see during the most recent drop to 5750, that on IOTA's chart it was close to htiting the .25 retracal.
Though i believe in this scenario that BTC will have too much resistance and will be on its way to between 4473-4700
My faith in this area is from two things. The easy to read movements of the past based on the 3.5k fib and that this drop was the most recent drop to actually dip and confirm it did not want to go under the old highs.
To me, the drop from 7.5k in Nov. '17 did not touch the old highs of 4961
Anyway the lowest im calling (barring some new tech coming out and making BTC worthless) is 4k. And most likely I would see this happening on a short term panic sell down, before the price explodes up.
In case someone wants to go hindsight. Ill link the video that shows the targets i had from the 15th of June before the recent drop. Its just basic lines after all. No need to complicate something basic.
Maybe boy Sminem will save us, or maybe the phone will ring...
"Hello?"
"Initiate CRAB-17"
Take care yall
-KTown