A quick update from work..
BTC has been correcting in a descending wedge. The 6300 usd support is holding so far. I would feel confident to enter the marked with a small portion in this level and leave a buy ladder down to 6170 usd in case of a further drop. The MACD is starting to turn around and it seems the suggested channel is in play.
I would give a 60% chance that we move up from here and 40% to drop to 6170 usd. If we start to climb from here we going to see the black wave 3! We going to brake resistance at 6850 and in this case i going to play the move as shown in the green arrows. But just not with big money. Still have to be careful until the uptrend is confirmed!
I hope you find this information helpful in addition to your own research :-)
Legal disclimber! All posted here is my own opinion and not financial advise! See it as completing information to your own research and analysis!
