As Predicted, The Bear Flag Has Broken Down, Giving us A Quick Sell Off In Bitcoin But As Volume Declines There Is No Real Bulls Showing Up & Another Continuation Down Is Most Probable, However We Could See A Small Bounce To The 7k Area First.
In The Picture Below Shows us The Most Likely Path of least resistance, The Impulse Wave Is Only On A Wave 4 of 5 & A Drop Down To The 6400 Area Is expected.
Zooming out, Bitcoin Is Likely To Bounce Up At 6400 Area For At Least A Bounce But If Unable To Sustain Above & We Start To Close Below 6400 I Dont Hold Much Hope For 6k & My Next Target Is Show Here:
How Quickly Will This Happen? For Now Its A Wait & See Theres No Way To Know Exactly When These Targets Will Be Hit
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