Price Action in BTC daily chart. BTC will find resistance soon.

8 thg 2, 2018

As we can see, BTC 11.78% broke out from a big triangle. Then it formed a 3-push down in a very tight channel. Usually after 3 pushes, market will pull back for 2 legs. But considering the channel down is so tight, I think BTC 11.78% will find resistance soon and go sideways between 9800 and 6800 for a week or so. Traders should better not buy any bull breakout or sell any bear break out, just wait to buy low and sell high.