BTCUSD Technical Analysis UPDATE @ $7995 - Feb 4th 2018

Update to previous post:

https://steemit.com/bitcoin/@jagr/technical-analysis-update-btcusd-usd9100-feb-3rd-2018

The Kijun line crossover has indeed continued the downwards trend as mentioned previously. Our 61.8% retracement along with the doji candle stick was indeed the reversal point for the miner bullish bounce.

We are now sub $8000 and should be watching closely for the fib support line at $6500. I will be definitely watching for this entry point into some BTC.

I'm not saying that it will bounce up huge from this line (see previous posts), price action may meander around there for a little bit, maybe even go lower. But it is definitely worth entering in with a portion of my fiat.