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
Correction BC of downtranding move AB is 66.5%
Each next restoration of price is less than next.
And a bit later we will see
1. this pattern will be over and it could be a signal for market recovery
2. or we'll see point E with correction < 59.3% (price ~ 6895) what's no good as we are in the end of tapering triangle
1. Promises about ETFm Bakkt and other institutional money can make price higher where bad guys will sell all they bouoght at 6K
2. Disapointment of
a) no big money
b) no mass adoption
will push price down.
3. Nobody will buy as big money are get away from market or in short positions
4. For Several years Law enforcement agencies of several countries tracked and...