While BTC is currently heading down from the edge of the Triangle, we can expect further emotional sell-off to test 7100 again, with the aim of gaining the liquidity for market makers. Before finally turning bullish.
BTCUSD 7000 / 6400 is currently heading to test 7000 and maybe 6400 support level as well. One of three scenarios I have published before...
One of the possible scenarios regarding Fibonacci resistance and Elliot waves.
GRS is on nice upward trend currently in accumulation phase before 3rd attempt to breakout the resistance level. Buy: 14300 - 14500 Stop: 13200 Profit: 16500
BTCUSD is actually testing 7800 support levels, where is a low volume node as well. If there is no further strong interest from market makers, we can finally turn into bullish trend in following days. Buy: 7800-7900 Stop Loss: 7400 Profit: 8900