Bitcoin chart update right before Consensus 2018

in #bitcoin4 years ago (edited)

As expected BTC touched 50 day moving average, 0.5fib level and bounced up. A volume increase has been noticed in lower time frames but we need to bring this out "we are not in a bull market".... This could all play out to a WXY and there is a "chance" we drop heavily from 11,500. So keep an eye on it.

As expected it touched 50 day moving average,0.5fib level and bounced up. A volume increase has been noticed in lower time frames but we need to bring this out "we are not in a bull market".... this could all play out to ne a WXY and there is a "chance" we drop heavily from 11,500. So keep an eye on it.

So basically we have two option. One is good, the other is bad for us.

  1. As soon as BTC breaks and finds support above 11.5k - bearish scenarios are off!
  2. If BTC doesn't break 11.5k, there is a possibility that we can go below 6K

Let's see if Consensus 2018 can make some impact.

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