BTC looks to be holding long term trend support.
Many people are speaking about broken parabolas... I see this as holding the .5 Fib level from the full run up as well as the long term trend line. VERY important area to watch - if this breaks the downside potential is around $8500 then down below $5000 as you can see on the fib retracement levels.
For all the doom and gloom out there it still looks like the uptrend is in tact. Set stop loss sells below the trend/fib line and should be ok!
Many people are speaking about broken parabolas... I see this as holding the .5 Fib level from the full run up as well as the long term trend line. VERY important area to watch - if this breaks the downside potential is around $8500 then down below $5000 as you can see on the fib retracement levels.
For all the doom and gloom out there it still looks like the uptrend is in tact. Set stop loss sells below the trend/fib line and should be ok!