The reason that I think BTCUSD will hold at 6800 range:
1: It's the 200 MA on the one hour chart.
2: It is the top side of our long term upper trend line that has established tops for the two previous waves and the thought is that this may now also provide support.
3. The 200 MA on the 5 hour chart that we have been using as our medium term bullish base will change again to reflect a steeper inclination.
4. 3 waves to the downside followed by three tiny waves (which should be evident soon)
1: It's the 200 MA on the one hour chart.
2: It is the top side of our long term upper trend line that has established tops for the two previous waves and the thought is that this may now also provide support.
3. The 200 MA on the 5 hour chart that we have been using as our medium term bullish base will change again to reflect a steeper inclination.
4. 3 waves to the downside followed by three tiny waves (which should be evident soon)