It can be said with confidence that the orange trend section, which is drawn for a while already, is indeed completed.
An other immediate orange target is more likely therefore.
That will test the lower border of the blue triangle.
There are no significant amount of orders on that level though.
That means that btc has no brakes below the lower border of the blue triangle yet.
Overview price targets:
- green : 6680
- orange : 6160
- blue : same level as pink
- pink : 5000
