Bounce on 7400 likely, 5k and 2.2-2.5 next stops

Previously the two trendlines I published lacked the fibonacci retracement level. Thought to add that 5k point as potential buying area if short positions opened past below the 7300 point, though unlikely.

Trade geschlossen: Ziel wurde erreicht:

Just touched the lower trendline. If coinbase price is the leading indicator, we can expect a bounce here. 2950-3250 region. Also check sequentials (we are on an 8 on the 4hrly chart 7 on a 12 hrly chart) and horizontal support points (~3050).