Bitcoin fighting but going down

13 thg 7, 2019

After breaking out to downside the range 11K4-11K8 , Bitcoin is currently fighting the 38.20 fib level from the downtrend 13K8 to 9K8. We already hit this support 3 times and next time might be the break and the retested of uptrendline around 10K6-10K8
If this trendline is broken , we could see further loss until 9K8 ... making a Double bottom


This bear attitude is needed in order to get more impulse on the long-term which presents also bullish signs such as Week Golden Cross coming on monday !
This means things can comes very fast !
Note also that BAKKT is launching its beta platform on 22 July

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13 thg 7, 2019

Ghi chú

OK it seems that the fib support has been broken and the next support at 11K1 is in trouble !

We can reach 10K6/10K8 very soon !
I except to reach 9K8 before Sunday evening before reversal ! that would be perfect

However we need first to see the 10K8 target !

13 thg 7, 2019

Ghi chú

10832 reached...
Now it's time for truth...

A) we can bounce and go above 11K
B) We go down and tested double bottom at 9K8 ( with possible resistance at 10K5 )

14 thg 7, 2019

Ghi chú

WoW ! the wick perfectly hit our support level on 10K8

We are currently trading back above the first support level ( around 11K1 )


Please note the GOLDEN CROSS on WEEKLY ! that is very bullish sign
This Sunday is going to be a decision-maker !