We saw the selloff, because we couldn't the the support zone ($10074 and $10085) mentioned in my previous post. We almost hit our target to nearly perfect precision, however the bears weren't strong enough to hit it directly, which shows the strength of the bulls. Right now we have a new resistance area at $9903. If it doesn't break (watch 4h close to be sure it's not a fakeout), we will fall to the algorithmic targets at $9403 and $9310, where we can expect a bounce back. (Other scenario, not shown in the chart is a push to 10k and then immediate dump)
Bullish case would be a retest of the trend line of the wedge at about $9790 and an immediate renounce. This will be enough to give us momentum to push to targets sitting at $10300.
Bullish case would be a retest of the trend line of the wedge at about $9790 and an immediate renounce. This will be enough to give us momentum to push to targets sitting at $10300.