I see three possibilities on this assets after RSI confirms a reversal.
BTCUSD
1. Price will continue down and touch the support line then bounce back up to the new resistance forming a new lower high, after which it will rally down to the indicated target at the 3538 area.
2. Price will continue to rally down from current level forming lower highs all the to the target area.
3. Price will rally down respecting the new downtrend parallel channel all the way to the target area.
!!Always remember to risk only 2% of your capital!!
BTCUSD
1. Price will continue down and touch the support line then bounce back up to the new resistance forming a new lower high, after which it will rally down to the indicated target at the 3538 area.
2. Price will continue to rally down from current level forming lower highs all the to the target area.
3. Price will rally down respecting the new downtrend parallel channel all the way to the target area.
!!Always remember to risk only 2% of your capital!!
