BTC price action incoming
Hello Guys,
today is the 06/07/2018, 16:00 UTC time and I think its time for a new quick analysis.
My last anlaysis ist still actual and worked pretty well, so check it out. But lets start with a quick review first.
So at 13/06/18 we tested the first time the 6400 level in the last period. And what happened? We broke trough it, and went down to test the trendline which u can see here in the purple color.
We tested the 6400 several times till we finally broke trough at the 22/06/2018 and tested the 5870. Again tested the low at the 28th and 29th of June. Than the pump at the 29th June
and the 2/7/18 which brought us up, above the now valid support line at 6400.
This is where we are now. Between the support line and the down going trend line.
Where will we go? Like always, thats the million dollar question..
So to be serious, we are still in this down going channel but we have the support line under us. If u compare this analysis with my one before, u can see i drew the channel different.
In the next two days we will decide it. Can we break out of the channel and test the 6800/7000 again or will we test the 5870 again. Thats also possible because it would be the third testing of the big low
in the last period. A stronger bottom would also give us more power for the next bull run. If u look at the RSI u can also see we have potential to the 20 oversold level. Than recover a bit
and do the final test.
That was a quick overview over the BTC market. I hope u enjoyed it.
Lets see ;) Have fun trading !
today is the 06/07/2018, 16:00 UTC time and I think its time for a new quick analysis.
My last anlaysis ist still actual and worked pretty well, so check it out. But lets start with a quick review first.
So at 13/06/18 we tested the first time the 6400 level in the last period. And what happened? We broke trough it, and went down to test the trendline which u can see here in the purple color.
We tested the 6400 several times till we finally broke trough at the 22/06/2018 and tested the 5870. Again tested the low at the 28th and 29th of June. Than the pump at the 29th June
and the 2/7/18 which brought us up, above the now valid support line at 6400.
This is where we are now. Between the support line and the down going trend line.
Where will we go? Like always, thats the million dollar question..
So to be serious, we are still in this down going channel but we have the support line under us. If u compare this analysis with my one before, u can see i drew the channel different.
In the next two days we will decide it. Can we break out of the channel and test the 6800/7000 again or will we test the 5870 again. Thats also possible because it would be the third testing of the big low
in the last period. A stronger bottom would also give us more power for the next bull run. If u look at the RSI u can also see we have potential to the 20 oversold level. Than recover a bit
and do the final test.
That was a quick overview over the BTC market. I hope u enjoyed it.
Lets see ;) Have fun trading !
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