[BTCUSD] The Giant Wave is Coming!
Above is 4hr chart of bitcoin .
The 3 convergences are about to end:
1. 6200-6800 level convergence
2. Yellow line triangle convergence
3. Red line, the giant convergence
In short term, we can check pattern and parallel at the same time.
The direction is expected to determined soon since the Future expiration date(28 Sep 18, 4pm GMT ), and the settlement date(03 Oct 18, 4pm GMT ) are upcoming.
For scalpers, you can short at the resistance and long at the support.
For swing trafers, we recommend you to trade after the breakthrough is made.
Major Support: 6200-6270$
Major Resistance: 6830-6920$
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