Look at the current situation with BTC. The price of BTC is $7656, slightly above EMA21 ($7628) and EMA50 ($7601). Also local upward trend support is located there. Strong supports, so I believe that BTC will retest the upper resistance of the ascending triangle at the price around $7750. But, now I'm not sure we'll go even higher.
If we look at BTC, It forms several patterns - Bearish Channel, Ascending Triangle and Double Top. Except for Ascending Triangle are all patterns bearish. Especially Double Top pattern, we need to pay attention.
My guess is ,that we probably can expect retest at the price around $7750.
- If BTC successfully breaks this area, $8000 and $9000 targets will be active.
If BTC fails break this price over the weekend, BTC will probably drop down - supports are $7450/$7200/$6800.
I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!
If we look at BTC, It forms several patterns - Bearish Channel, Ascending Triangle and Double Top. Except for Ascending Triangle are all patterns bearish. Especially Double Top pattern, we need to pay attention.
My guess is ,that we probably can expect retest at the price around $7750.
- If BTC successfully breaks this area, $8000 and $9000 targets will be active.
If BTC fails break this price over the weekend, BTC will probably drop down - supports are $7450/$7200/$6800.
I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!
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BTC did not managed $7,6K breakout and resistance reflected the price deeply below $7.0K. BTC stopped at the price $6.8K, double bottom from 04.06.2018.
EMAs Death Cross confirmed.
EMAs Death Cross confirmed.
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