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chrycrypto
Jun 17, 2018 9:40 AM

BTCUSD short term view Short

Bitcoin / United States DollarCoinbase

Description

Breaking channel and ≈6900$ resistance would be significant for a change of trend. ( I hope this is the case but I can't say that it's the most likely)

Until then I'm still bearish with targets at ≈5900$ and ≈4650$.

Sup/Res levels are drawn on weekly chart.

I really think we are close to the bottom anyway, there are so many coins ready to pump.

Trade active

As expected price is still inside the channel and under 6900$.
At this point ≈5800/6000$ target has 90% chance of being reached.
Also next target is likely to be reached, not easy to set a exact price, may be something between 4600 and 5000$, it's full of supports in this zone.
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