BTC is still forming a bull flag, but this could be insufficient to cancel the daily bearish countdown. If the countdown has to complete first, this means a bearish target of at least: - $7.993 on Coinbase - $7.470 on Bitstamp
There is a countdown shift between the 2 platforms so it is actually quite difficult to predict a target. I would favor the coinbase target as it coincides better with the 0.764 Fib retracement...
Targets are not a guarantee! Countdown can be cancelled by these 2 conditions: - A new Sell setup (After a bullish TD Price Flip, there must be nine consecutive closes, each one greater than the corresponding close four bars earlier) - A candle low completed above TDST Resistance @10.379USD
On the 12H chart, we had 2 nice potential Buy points indicated by S13 and S21. Here also the main bearish sequential countdown has not been canceled so we could reach the next S34 exhaustion point.