It has been a long weekend for me as I'm continuing to move house. Just whilst I have a moment I'd like to update everybody on what Bitcoin -0.79% is doing and how to trade it professionally....
Another follow up analysis of Bitcoin! Price has moved strongly to the upside since I predicted an up move at support at 5790, so the analysis is running perfectly. Price has now stopped a side-wards resistance level at 6400. Now, price looks like it's had a minor rounded top that started on 30th June and has continued since.
There is a short term horizontal support zone between 6280 and 6180, which also coincides with the 20 and 50 moving average converged support. This is the logical place to first look for price to correct to, before buying to the upside. Also, if price goes into the horizontal support zone as I'm predicting then price will also hit Fibonacci retracement support, meaning there will be a compelling launch pad for price to go to the upside.
When price hits the support zone watch for a buy, with a view of holding Bitcoin -0.79% until the next structure resistance , which is the only real logical level to hold, at 6820 to 6925.
Bear in mind if price doesn't go below $6320, then it might not even correct at the horizontal support zone mentioned for the up move. So you need to keep a sharp eye on price action at around this level.
I will update this analysis throughout if it receives sufficient attention.
Love you cryptonations for love and support!
Will you guys Buy BTC/USD at the current price?
Let me know by commenting Below .
