BTC Update 25.07.2018
As we predicted in our previous update, BTC went to as high as $8500, current bullish momentum is very high.
Right now after the huge run from $6300 to $8500, our team believes we are overdue for a retracement. BTC had a pullback to $8073 and bounced back a little. We have monitored the orderbooks on bitfinex exchange and noticed that many whales are putting their bids in the area of 7800-8000 USD. This indicates a very strong support just around the 0.236 fib level. If bitcoin manages to hold these levels, we are aiming at another leg up, possibly slicing through resistance of $8400 and targeting the $9000 region. We find this scenario likely to happen.
Another possibility is for an ABC correction to be in play, which means we could spike to $8350 now and then Bitcoin falls to previous support found around the $7750 mark. If we hit this point our team will be opening new positions on BTC with small leverage.
As we predicted in our previous update, BTC went to as high as $8500, current bullish momentum is very high.
Right now after the huge run from $6300 to $8500, our team believes we are overdue for a retracement. BTC had a pullback to $8073 and bounced back a little. We have monitored the orderbooks on bitfinex exchange and noticed that many whales are putting their bids in the area of 7800-8000 USD. This indicates a very strong support just around the 0.236 fib level. If bitcoin manages to hold these levels, we are aiming at another leg up, possibly slicing through resistance of $8400 and targeting the $9000 region. We find this scenario likely to happen.
Another possibility is for an ABC correction to be in play, which means we could spike to $8350 now and then Bitcoin falls to previous support found around the $7750 mark. If we hit this point our team will be opening new positions on BTC with small leverage.
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-Charts
-Education
-VIP trade calls
-AI Trading
Binance reg.link: www.binance.com/?ref=36253371
Join our Discord: discord.gg/nqSJFKc
Make a Tradingview account: tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=13523