KurdEx

KurdEx

The previous target ($7400) was respectively hit after a $600 increase in Bitcoin price. Next target is the $6800 which is an important zone. If it is broken, we will see a drop to $6000, otherwise the short-term up-trend will continue up to $8300. In a long run, the trend is still bearish until the $10,000 zone broken.

KurdEx

Looking at the daily chart, the downtrend is still continuous and Bitcoin is expected to meltdown to $4600 if it breaks the $6000 support line. We may see a retracement up to $8,000. But considering a long-term, we cannot see a bullish trend until the $10,000 zone is broken.

KurdEx

Today, we see a setup on the weekly and monthly price levels! A bullish engulfing candlestick pattern is obvious on the strong levels and exactly after the trendline retest!

KurdEx Updated 

I am a newbie and not a good analyst. This is just to test my strategies.

KurdEx

We have a bearish outlook, using the 1.1284 level as a break-out point. If crossed we'll see 1.11765 if not it can bounce to 1.1510 as a Lower High on the 1W Channel Down and then touch 1.11765