6760-6915 we have 3 levels of technical analyse
Many people who trades using Ellit Waves theore and Fibonacci retracements
1. take theit profits here and
2. some of then are going to open Shorts
So here we have a big resistance zone and if the price will pass it that could be a good signal
Seems like can recognize one of pattern. Including indicator showing, and previous post, can see future price destinations. Can be wrong. Better wait Monday Asia market open. Today China closed all exchanges, and all that amounts been relocated to another places, and will be using for investments. Next week gonna be very hard and interesting for Bitcoin.
Not only price have trend. Also indicators can create support and resistance, for help to indicate strong and weak point in financial instruments. Here can see how trend powerfully go up on chart and RSI. Go by wave, with FIbbo Time expansion. But 29-09-17 indicator go under trend line, back to reflect and continued under it. and wave 4 lose trend power.