Simple BTC Analysis for week starting 24th Sept 2018 [BTFD]

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin levels to watch this week....

6600 - at time of posting we are just over this level and need to stay above, we may see it spike down into the 6500 but the support will give us an idea if we can climb higher....

6800 - bull support/resistance , really needs to get over this to flip this to bull support and start making a move up[wards towards the target of 7400 area

7400 - I'm looking at this target area due to previous price and the same for the 8400 level of price and resistance from previous highs

IF bitcoin does fall below 6100, we are back into bear market overall in crypto and will see a test of 6k levels and some dips into high 5k levels, still massive support at those levels as sentiment does seem to be bullish but we have to give u all the most probable possibilities that will manifest here.

there are two powerful trendlines bitcoin has to break above so keep an eye on it around those levels if it starts to push up

Overall looks pretty positive and as per usual just gotta keep re-examining the market daily to make any sense of where we are going next, of course, all this is just educational and in no way intended to be professional trading advice!

have a powerful week traders

Comment: 4hr view:

Comment: sentiment turned bearish today

holding on the 0.236 level of the fib, needs to go back to over 6800 for bullish swing

Comment removed.
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