BTC what to expect in a short term!!!!!

Hi guys

I decided to show case for us each daily BTC expectation, today we begin with another form of consolidation with price trading in triangular pattern.

We should expect massive breakout which can take us to our initial target of 6800$-6900$ or drop the price to re-test 6200-6300 area.

To read more about our stand on BTC kindly visit our previous BTC threads.

Some of them are:

Perfect way to trade BTC, moving as expected, check it out

Can this BTC pattern repeat itself. fingers crossed

Great recovery path for BTC, do have a look.

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On the upside, we should watch 6540$, if this level break we may have easy pump up.

On the downside, if price break 6434$ then it will be easy to see 6200/6300$.

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BTC still trading within the range.

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Hello guys,

So far BTC failed to breakout from our designated range where we have top of the range at 6540$ and bottom of the range to be 6425$.

Our expectation still reamin breaking up.

Immediate target lies bewteen 6705$-6855$.

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Hi guys

After our last update, Since price made several attempt to breakup the resistance at 6540 and failed, it then tend to drop to test the other side of the range and it was quick drop with huge pin, price tested 6425 down and closed back inside the range zone again. We may have second attempt on 6425$ again before we continue up move. Our expectation still remain BULLISH.

I see that move as manner of stop loss hunting. Shaking the weak hands.

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BTC choose to breakdown instead of my expected upside break. Price tested immediate support level again before bounce.

I still expect the upside move to continue slowly till we test 6600-6800

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