/ BITCOIN \ 7000$ will be lost in the next few days
A short explanation to this movement:
A little short opened now expecting to cross the very close fibonacci support.
At around @7200$ there is a fibonacci support line. (61%)
Probably the price will test this area again in another dropping movement, very similar than the previous one on 23/10/2019.
I expect the price to go under 7000$ because of the lack of liquidity in the Orderbooks to go directly at around ~6800$ before a rebound to the fibonacci line that now will act as a resistance.
If the drop has considerable volume, the drop will be legit and we only can expect a higher rebound beyond the zone of 7200$ if the volume is also high or even higher than the volume of the drop.
A little short opened now expecting to cross the very close fibonacci support.
At around @7200$ there is a fibonacci support line. (61%)
Probably the price will test this area again in another dropping movement, very similar than the previous one on 23/10/2019.
I expect the price to go under 7000$ because of the lack of liquidity in the Orderbooks to go directly at around ~6800$ before a rebound to the fibonacci line that now will act as a resistance.
If the drop has considerable volume, the drop will be legit and we only can expect a higher rebound beyond the zone of 7200$ if the volume is also high or even higher than the volume of the drop.
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