BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bad News, BTC is falling in a descending channel since the 8 of June, with a Diferent Slope from the falling channel of May. I think BTC Stopped at 6650 and not 6800 Because The descending Channel didnt permit the complete formation of the Inverse Head and Shoulder everyone is expecting, Another Reason is that Ichumoku Cloud has a heavy resistence at 6700 and probably price wont pass this Thick Cloud at least until September to November, Somewhere Between those Months. Another Reason is that The Death Cross(30 and 50 EMA ) is coming very soon, Maybe the First Week or second Week of August This hasnt occur since 2014, last time this Death Cross Made BTC fall significantly its Price . The only thing that can Save Bitcoin is the Approval of the ETF on August. Tomorrow I Expect a Big fall down maybe $800 Down


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