This is my short term BTC prediction for the weekend
Updated
BTC is playing nicely inside a ascending wedge and will brake through !
The red line is the $8000 psychological barrier.
The Yellow line is my Fibonacci entrancement line serving as a resistance at the moment.
It is the 23.6% entrancement from 2018-05-05 when we Hit $10 000.
The green line is on $7500 resistance that we seem to be struggling with, but I do believe that will cave soon.
The red line is the $8000 psychological barrier.
The Yellow line is my Fibonacci entrancement line serving as a resistance at the moment.
It is the 23.6% entrancement from 2018-05-05 when we Hit $10 000.
The green line is on $7500 resistance that we seem to be struggling with, but I do believe that will cave soon.
Note
So I did not get the brake through the $ 7500 and $ 7640 resistance as I figured.$7200 seems to be a good support at the moment, and hopefully Bulls can catch some momentum in the next week to brake through our two resistance barriers.
BTC will brake soon either way up or down but my fingers is crossed for a green candle !
Note
So this morning I received a special Monday gift and BTC broke through the two resistance barriers I hand figured would have happened over the weekend , never the less we are over $ 7640 witch for me as stated above is a crucial fib line that hopefully will hold as support line now for the week to come.
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.