BTC Chart Update - Maxime Desalle - 27/03/18
Hello dear traders,
I hope you are doing well during this bad period. I have to admit that on a short term perspective I'm not very bullish on Bitcoin. In my opinion, we will have to wait until May to see the beginning of a new uptrend.
The current support is located at 7800 $, if Bitcoin breaks that support then BTC will go to 7500 $.
The current resistance is located at 8100 $, there is a second resistance located at 8100 $. You may think that 8000 $ is a big resistance or support, but it isn't. Like you can see, the market didn't care about that resistance/support during the past days. You can see on the RSI a breakout, I think that the same will happen with the MACD because the MACD is very low and close to a resistance. It's very difficult to say what will happen on a very short term perspective to Bitcoin, but in my opinion BTC will break the 8100 $. Remember: This is on a very short term perspective. Like I said before, I'm not bullish on Bitcoin on a short term perspective until May.
Thank you for reading this and for your support,
Maxime Desalle
I hope you are doing well during this bad period. I have to admit that on a short term perspective I'm not very bullish on Bitcoin. In my opinion, we will have to wait until May to see the beginning of a new uptrend.
The current support is located at 7800 $, if Bitcoin breaks that support then BTC will go to 7500 $.
The current resistance is located at 8100 $, there is a second resistance located at 8100 $. You may think that 8000 $ is a big resistance or support, but it isn't. Like you can see, the market didn't care about that resistance/support during the past days. You can see on the RSI a breakout, I think that the same will happen with the MACD because the MACD is very low and close to a resistance. It's very difficult to say what will happen on a very short term perspective to Bitcoin, but in my opinion BTC will break the 8100 $. Remember: This is on a very short term perspective. Like I said before, I'm not bullish on Bitcoin on a short term perspective until May.
Thank you for reading this and for your support,
Maxime Desalle
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