BitCoin BTC/USD (Do not SHORT at this moment)

BTC/USD

Did you follow our previous forewarning on the bullish turnaround? we get it, good.

Now we are at a decent resistant of $6,770 level. It may bring some pressure or resistant from pushing up.

But I expect it should sooner or later break up from $6,770 level and the another resistant shall be $7,500 level.



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Sonic



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Trade active:

Seems like the buying pressure has cool off for now, and it may be in time for a minor retracement.



Nonetheless, I am seeing levels such as 6359 & 6167 as typically strong supports.



So, if you looking for long, wait and prime your long positions in these areas. If you want to long, wait first.


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Sonic

Trade active:

BitCoin (BTC/USD)

Bitcoin is priming to for a good breakout. The lows are getting higher for the past 3 days.

Now, what we need is a good strong breakout.

It is only advisable to LONG as the moment, and watch it closely.

I will update again.



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Sonic

Comment:

Updated View On BTC/USD (Be careful with Longs as it failed to break $6,779 resistant)

We are in the bullish mode for quite a while now and it rewarded us well.
Currently, the market seems exhausted near the resistant of $6779 and it has painted a fairly bearish pin bar.

That means it may swing lower for now till the support from the Bullish side is to come in.

I expect $6,500 is a nice interim swing support level.


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Sonic

Comment:

BTC/USD

We had strong sell down on recent days. It must have spooked buyers out.
Since the price ACtions are strong, the momentum is still bear.

I expect 5900 level shall be a good support. So, it is considered too early for a LONG at this moment.

Comment:

BTC/USD


I am slightly bullish.
Bull/Long side can be slowly accumulated if the price stays above $5800 level.
At the same time, $7400 will be one tough resistant to break as well.

Comment:

BitCoin:

A nice run up from the support region of $5,800 region. $6,700 shall be a good resistant. The next target is $7400.

Comment:

BitCoin

Our intended TP reach of $7,400
It is too early to call "BEAR" but it is better to take some profit out and wait for another nice entry.

Comment:

BitCoin

It is in the strong BULLISH momentum and it is better to stay on the Long side.
It may swing to $7,200 or even lower but it will be a good support entry.

Sooner or later, it should reach to $83,80 level.


Let's see.

S0nic

Comment:

Updated View On BitCoin (27 July 2018)

We are in the retracement mode as it had hit a strong resistant of $8,400 level.
It may go lower for a time being but as long as the price is above $7,200 level, it should retest the $8,400 level again.

Comment:

Updated View On BitCoin (29 July 2018)

The price is trying to break $8,400 level but I believe it will not get up broken easily As USD is poised to make a return.

The better bet will is to wait for a good set up if you want to long such as $7,740 and $7430.