tsouk21

tsouk21 Updated 

Once again, we are at the lower limits of the current channel and a price pump is -probably- coming within the next 30 hours. If the lower line breaks, we will see a short bearish period of 3-4 weeks.

tsouk21

Unfortunately (or fortunately) the current trendline just broke, so that would be the end of the short-term bullish period and we are entering a short-term bearish period. Most probably, in early September BTCUSD will hit its new bottom (lowest possible price is 6.5k) and after that a huge bullish rally will start. The good thing about the upcoming short bearish...

tsouk21

BTC/USD is forming an inverse head and shoulders pattern, which is going to reverse the current downtrend. Look for confirmation at the price of 6800. Cheers!

tsouk21

Since introducing Futures, BTCUSD is inside a repetitive UP/DOWN pattern. Right now, we are on the turning point of a bearish period that will lead to a two-month bullish period. Mid July: 6200 - 7200 Late July: 6800 - 7800 Mid August: 7300 - 8300 Late August: 7800 - 8800 The lowest possible price before the reversal would be around 5500.