BTCUSD

6 sept. 2020

As price blasted through the weekly resistance level to the downside after consolidating above the weekly level of $11,053 for the whole month of October 2020. Price within the first week of September broke right back below the weekly level and retested and continued to the downside. Upon retesting the weekly level and continuing to the downside I am now looking for price to make its way back down to the level of $9,990.90 while watching the whole number of 10K to see how volume is to act around this level. Upon seeing price reach this level I will be watching for one of the two things, 1. Price breaks 10K significantly and continues down to $9,618.40, and or 2. Price finds support at 10K Double bottoms false break out of the descending triangle break back into the triangle and then continue down to $9,618.40