BTCUSD 8h: Situation more clarified. Overall view. Forecast 2017

If you compare this chart with my older charts, you'll see that BTC is moving along the expected trendlines. I think, this will also happen in the next months. The upcoming changes at BTC will push the situation additionally. IMO we have reached the bottom - more or less. I know, for daytraders, the analyzes could be even more precise, so it is necessary to make close-ups. One restriction we have: if the necessary technical changes do not bring any fundamental improvements to BTC, Bitcoin can take a completely different turn. And currencies like Dash, Monero or Litecoin will have an extremely run. ETC and ETH are also out of there, because the possibilities of smart constract will go there own way. The same applies for ripple - imo.

Let's see what happen. Happy trading. :-)

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To compare:

1. Analysis - June 5

2. Analysis (Update) - June 18

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Comment:

If the support at 2,000 USD is strong enough, the situation is not as bad as it might look. Let's see the next hours.

Comment:

as i expected. let's see, if the bulls are strong enough.

Comment:

move along the trend line ...

Comment:

If a re-test of the resistance will be strong enough a fast and strong up is possible. be watchfull.

Comment:

new chart. please follow ...