Right step by step analysis for BTCUSD. Just an update from my previous post. If you yet to read that post please do so before reading this. Alright, so what we see now is a consolidation phase as predicted previously. I expect this consolidation to be wider in range as we can see price level within this resistance and support level do test the extreme before a significant movement. They bounce bounce and bounce. Just like the "Wipeout" game show, not many passes this obstacles and mostly failed and there you go a downward movement :) Okay jokes aside, this is the range we should be keeping a lookout at still definitely possible short opportunity at the top but if we see a breakout we can confirm that it passed the obstacle course. However, for now I would like to see a fall back to 8400 price level and prolly 8100 price level before the BULLS take over.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!