Hello guys!
Lets start from the 4H chart.
Today we have seen small downside movement in the channel. People have been stressed enough for the last half year of a correction and each $200 up or down crucially change overall mood. It's a big mistake and good period for daytraders.
RSI and Stoch RSI give us sign for upside movement. Maybe we will see small dump to 5800-6100 before pump and get a Bullish Divergence similar to 22.06-24.06 period.
I can clearly say if Bitcoin stays in the price channel It will easily reach 1st Resistance and most likely we'll touch a Strong Resistance
1W long term view
At the end of July Bitcoin will decide it's future direction.
Ordinary people have a wet dream about growth
Whales have a strong target to shake your hands as much as possible and buy cheap Bitcoin.
And nobody can't give you 100% answer on the Question of The 2018 Year "Is it bottom?"
If you are a hodler - just close charts and come back in 2019 for taking profit.
If you are a trader all you can do is to spectate and predict possible directions.
So If Bitcoin doesn't break 8000 in next 3 weeks - prepare for 5100.
Lets start from the 4H chart.
Today we have seen small downside movement in the channel. People have been stressed enough for the last half year of a correction and each $200 up or down crucially change overall mood. It's a big mistake and good period for daytraders.
RSI and Stoch RSI give us sign for upside movement. Maybe we will see small dump to 5800-6100 before pump and get a Bullish Divergence similar to 22.06-24.06 period.
I can clearly say if Bitcoin stays in the price channel It will easily reach 1st Resistance and most likely we'll touch a Strong Resistance
1W long term view
At the end of July Bitcoin will decide it's future direction.
Ordinary people have a wet dream about growth
Whales have a strong target to shake your hands as much as possible and buy cheap Bitcoin.
And nobody can't give you 100% answer on the Question of The 2018 Year "Is it bottom?"
If you are a hodler - just close charts and come back in 2019 for taking profit.
If you are a trader all you can do is to spectate and predict possible directions.
So If Bitcoin doesn't break 8000 in next 3 weeks - prepare for 5100.