BTCUSD Falling Wedge

Updated

Bitcoin is moving under the falling wedge since Feb-Mar 2018 and tested the support level of 5800$ many times. Now holding the support level of 6300$. Bears are very strong at the time, if BTC couldn't go above 6600$ soon we can see BTC testing 5800$ again, we don't know this time it will be able or not to hold the support level if BTC broke 5800$ then expect Bitcoin to see at below 5200$ - 4200$ range.

Note

12 EMA crossing down 26 EMA another sign of Market fall

Note

Bitcoin broke the support level 6300$ now 6105$ is the main support if break 6105$ too then expect Bitcoin to test 5800$ level.

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As told on this post Bitcoin holding the support of 6105$.

Note

See ETHUSD long analysis

Ethereum corrected 85% from its ATH 1420$

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