BTC Update 3rd of August 2018
These days we see a lot of people claiming that we are bullish
In my opinion we entered the downtrend channel again after a fake breakout on the daily close.
When we following up the daily close bottom line we will meet at 5500 USD again in some days.
At the moment we are touching the 0.5 Fib level which is a well known resistance for Crypto. Either we will see a real bounce on it or we are just following up the trend down
Additionally it looks like that we are still balancing the big spike of last year until we really finally can open a new trend ( hopefully soon)
Thats all so far in a short way
In my opinion we entered the downtrend channel again after a fake breakout on the daily close.
When we following up the daily close bottom line we will meet at 5500 USD again in some days.
At the moment we are touching the 0.5 Fib level which is a well known resistance for Crypto. Either we will see a real bounce on it or we are just following up the trend down
Additionally it looks like that we are still balancing the big spike of last year until we really finally can open a new trend ( hopefully soon)
Thats all so far in a short way
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.