thats_me

Bitoin - BTC Review | 28 July 2018

Short
BITFINEX:BTCUSD   Bitcoin
Hello everyone here's a quick look on BTC performance so far, in my opinion, btc has started a movement in a downward channel due to its correction. It's likely that it keeps moving within this channel towards 0.382 fib level. everything is indicated on the chart, so not much to say here.

the alternate scenario will be we break the channel resistance to higher highs.

my perspective:
Short term, next 72h : bearish
longer term, within 1-2 weeks: bullish. target range 8800-9200$


Stay cautious traders
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.