weslad

BTC What Next!!!

weslad Updated   
BITFINEX:BTCUSD   Bitcoin
Possible outcome of the channel are briefly describe on the channel,

Breaking down will lead to a retest of the following levels:

7925 (weak support)

Potential Reversal Level
7680
7585
7495

Bullish Defender Level
6990
6805

Below these above listed level, it signal downward move again which is END of the BULL. Mean back to 6000$.

If price eventually breakup the level to watch are:

8400
8755
9000
9250
9935

If all these resistance level is achieve then, another form of correction will set in.
Trade active:
Look like we bounced

Trade active:
New post created on BTC to follow up the previous analysis, guys do please have a look and leave your comments.

Trade active:
Trade active:
Updated post opened to follow the current market effect.

Trade active:
Bottom of wave 4 seems to be established around 6885$. But there is every possibility of re-test of this level again. So we highlighted 6770 to 6885 to be our bottom for wave 4.
Next target for wave 5 is 9900 level.


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