Hello guys, today the multi-billionaire George Soros warned about a possible major financial crisis due to the possible disintegration of European Union, the disruption to the Iranian deal and the soaring of dollar which creates many problems to Emerging Markets… And today, after many days of weak performance, BTCUSD started to soar from the support in $7100 area building a technical inversion. In fact if it closes above $7350 it could rebound to $7700 as first target and then to $8000 with possible extension to $8300 area.
Indicators, especially CCI, are starting to support bullish idea and volume are rising even if it is not particularly high.
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
Trade closed: target reached
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First target at $7700 reached, I think it's possible an extension of the movement to $8000