Expected trading for today is between 6840.00 support and 7400.00 resistance
Bitcoin found difficulty to surpass 7600.00$ level as expected
and begins bearish correction.
A picture is worth a thousand words / Was posted few day ago
So What Next!
The bearish correction will push the price to visit 6500.00 level / 23.6% Fibonacci Correction (from 3000.00 to 7590.00).
Stochastic signals the return in bearish pressure.
RSI is turning lower and ready to move south.
Oscillators are hinting at uptrend exhaustion so a correction might be needed before further north.
Investors still seem optimistic about the outcome of the network upgrade.
Breaching 7590.00 level and hold above it, will cancel the bearish correction.
Expected trading for today:
is between 6840.00 support and 7400.00 resistance.
Expected trend for today:
Bearish.
YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.
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