BTCUSD Technical Analysis
(10.07.2018, 16: 30Msk)
On the chart, you can see that the price has quietly "pierced" the level of 6510. But if you look at the small timeframes - there was a rebound and some expectation.
On H2-H4 this is not visible ...
Go ahead. Subsequently, the price reached the target value for the broken triangle, see our interim forecast...
At the moment, on the timeframe DAILY, the figure "head and shoulders" is quite clear.
The target point is at the level of 6000-6050 $.
Let me remind you that "H&S" is a figure from the number of reversals and after working out this figure it is quite possible that we (BTC) can go further Up.
P.S. However, if we look at the next of our forecast,...
If we break through the level of 6300 $ - definitely go up, to 6750 $.
In the case of a rebound (breaking) (I think it will!) - BTC can return to the Level again and start to punch the downtrend this days,
or, in another case, will move down, to $ 5,500-5,000$.
In the outlook we can see the figure(shape) "Double bottom on the chart." See our image...