Ok folks, we had another negative day for Bitcoin. Bitcoin fell 5% and formed a very negative forming candlestick. Lets have a look at the chart:
Comment: It is very likely that we will go down to 9,3k before we can hope for another jump to the upside. At 9,3k we do have the important bollinger band median and as far as I am concerned, that is the nearest support.
Another negative for the day is that the bull flag has been broken on the stochastics and the supporting trendline has also been broken to the downside.
So, we will have to watch tomorrows action closely here and look for a potential reversal.
Happy trading!