BTC next 7 days

2018年8月10日

BTC has fallen through our support and is now testing 6000. I think we will have a small amount of sideways/upward movement which will use the former bottom of the channel which we just exited as the top of a new channel which moves along the same trajectory. I think this will break down within a day or two and we will break below 6K and see 5800. If we break upward from here, this will likely be back in the same channel as before with the same possibilities, but a little less bullishness as it seems the price is cracking and the low volume weekend is here.