It was a bit of a nothing burger day, but Bitcoin did fall back as I predicted based on the Gann Box and the doji sign we had on Wednesday. Here is the daily chart:
Comment: As you can see, Bitcoin fell 2% today and we made a lower high and a lower low and that could indicate that we will head south tomorow as well.
There is some support in the 8400 area (75% fibonacci) but if we could stay above 8600 there is a possibility that we could charge higher tomorrow if we will get some volume coming in.
But if we were to fall back even more, I do see strong support in the area between 7600-8000 and that could happen within the next 1-3 days according to the Gann Box.
Happy trading!
I feel like Smeigle with my bitcoins right now, I don't ever want to part ways :)
Very nice thanks