BTC/USD Technical analysis May 18th

Bitcoin / U. S. DollarKraken

Description

⋅ May 17, 2018 11:07 PM

A lot of people are watching the bitcoin chart right now. Its also very "nice" to look at with very nice technicals .
Here are my reasons for me to watch it :

- 3 impulsive waves
-Valid Trendline ( 3 touches )
- Nearing 7.8k support

Important to know : Right now we have no bullish entries the key area to watch is 7.8k.
We have to see what happens there.

For now thats all if anything new happens ill keep you updated if you want more just watch the video ! :)