I'll give you a more detailed analysis than my previous post.
BTC is preparing its cross and it'll consolidate a bit longer within this range to frustrate everyone a little more. After retesting previous high, expect a draw-back down to the 50 EMA to test support.
We're only beginning the first phase of the bull market. This first phase is to shake everyone out...
Today (26.08.19), Pre markets were down at first with the China trade war in focus. Then turned positive with China trade war optimism and Trump saying that "we are getting back to the table". My personal view is that we will go further down the next weeks, especially if we break the flag at 2840 for the SP500.
Support level 1.7710 will be tested, if this pair will break this level the next major support will be 1.7565.
Structure : Downtrend Daily chart.
Fundamentals : Weak GBP due to weak reports, Employment and CPI
Tenemos al precio en timeframes diario en un punto de retest de un HCH roto. el precio lleva 3 días de rechazo, formando un triangulo formación de posible cambio de tendencia, estamos ante la ruptura así que esperamos una posible ciada.