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elitealpha
May 21, 2018 3:11 PM

Bitcoin BTC 1 D Technical Analysis Market Update Long

Bitcoin / United States DollarCoinbase

Description

Bitcoin never stops surprising us. $8400 is the real test an has been for a while. Remember we are still in a bear trend, so be on the look out for bull traps

Some things to watch out for:

- Bull channel forming/ bear flag
- Testing $8400 and .382 Fib
- If the triangle is still in tact, we will see $7350
- Bottom of cloud, watch for the break
-Needs to break .236 Fib to see 9k again
-- I see 8k before we break 9k again

DYOR and Happy Trading
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