In 2018-06-10 Btc broke the symetrical triangle with the higest volume since april.
Currently the price is interacting with the 50 EMA which has not been very successful in the last occasions, but if it manages to get above it and confirm it as support we could be facing a rally with an objective between 7200 and 7700 where the next strongest resistance zoneis. (resistance 7200, resistance 7700, lower part of symmetric triangle, 38% fib and 200 EMA).
The RSI, Stcoh and MACD indicators show a divergence that could be preventing this possible pullback, but in general I think we are still in a bearish market, this is not the bottom and we can set a medium term target of 5000~.
Of course if the price fail to get above the 50 EMA I think we are going down without doubt.
This is just a noob's opinion not a buy/sell recomendation.
Currently the price is interacting with the 50 EMA which has not been very successful in the last occasions, but if it manages to get above it and confirm it as support we could be facing a rally with an objective between 7200 and 7700 where the next strongest resistance zoneis. (resistance 7200, resistance 7700, lower part of symmetric triangle, 38% fib and 200 EMA).
The RSI, Stcoh and MACD indicators show a divergence that could be preventing this possible pullback, but in general I think we are still in a bearish market, this is not the bottom and we can set a medium term target of 5000~.
Of course if the price fail to get above the 50 EMA I think we are going down without doubt.
This is just a noob's opinion not a buy/sell recomendation.