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Mikelikescrypto
Jul 9, 2018 9:58 PM

Can't escape 12H Cloud, Daily Cloud resistance. BTCUSD 7/9 12H Long

Bitcoin / U.S. dollarBitstamp

Description

We're probably going to drop back down past 6500 to 6250, could stop at 6500, but it's having a hard time holding and getting through 12Hour Cloud.

We haven't even hit the .382, getting hung up at the .236. We had a nasty rejection on the .618 that sent us to the .705 @5900.

Bitcoin has some work to do... be lucky if we at least get a triple bottom at 5900. I can hardly bear another 3 months to 4300 the .786... So far it's been a painful correction.

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