The right shoulder is in the making and it's likely to fall hard to 3200.
80% chance it will fall 20% breakout the downtrend (that will be the beginning of a buy signal)
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The price is balancing on the support of september 2017. It could be the price will bounce from this support to the next one above. I think the price will go lower because lack of volume.
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BTC breakout the downtrend channel and is testing the resistance right now. BTC is floating on positive news on vaneck vs nasdaq futures and not a big volume increase (what we actually need). In the 1h chart you can see the RSI is high and the MACD is turning bearish again. So, it looks like it's going down to its support 3600. For a serious price increase we need a serious volume increase. That's seems not looking good yet. So in my opinion Bitcoin will test te lower support again and make lower lows.
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candle on 2h chart looks great. is making breakout above resistance to build new support
BTC breakout the downtrend channel and is testing the resistance right now. BTC is floating on positive news on vaneck vs nasdaq futures and not a big volume increase (what we actually need).
In the 1h chart you can see the RSI is high and the MACD is turning bearish again. So, it looks like it's going down to its support 3600. For a serious price increase we need a serious volume increase. That's seems not looking good yet. So in my opinion Bitcoin will test te lower support again and make lower lows.
In the 1h chart you can see the RSI is high and the MACD is turning bearish again. So, it looks like it's going down to its support 3600. For a serious price increase we need a serious volume increase. That's seems not looking good yet. So in my opinion Bitcoin will test te lower support again and make lower lows.