BITCOIN AND CRYPTOCURRENCIES IN GENERAL TEND TO RESPECT MAJOR SUPPORT AND RESISTANCE ZONES
JUDGING FOR RECENT HIGH BEING RETESTED, BEARISH MOMENTUM IS TO BE ESPECTED AS BUYERS SHOULD BE PLANNING TO CASHOUT ON AN ALREADY OVERBOUGHT MARKET, WITH SELERS READY TO MOVE IN.
AFTER A NICE TREND CONTINUATION PULLACK ON THE 0.236FINBUNACCI LEVEL ALTHOUGH INITIAL PULL BACK WAS EXPECTED AT THE 0.382 LEVEL MATCHING THE 4HR RESISTANCE
USING ANALYSIS RECENT SUPPORT SHOULD BE EXPECTED TO BREAK
FROM RECENT ANALYSIS, EU SEEMS TO WANT TO BREAK RECENT HIGHS HEADING FOR AUGUST AND SEPTEMBER RESISTANCE ZONES
ANALYSIS VERY LIKELY BECAUSE OF RECENT RALLY OF THE EURO AGAINST THE US DOLLAR