bitcoin

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As I was predicting yesterday, the BTC has touched the diagonal resistance line in red. This resistance line has been tested but not broken. We are now consolidating just under this resistance line, wait some more volume to try to break it. We should meet some nice resistances on these levels as we have also the horizontal resistance line just next. So yeah a Break Out is needed to be able to break these 2 lines or a pull back will come soon.

Possible Scenarios (unchanged) :

Long: On a confirmed break above $6730 – Price Target $6963 | Probability: Medium

Neutral: Price Range $6522 - $6730

Short: On a confirmed break below $6522 – Price Target $6308 | Probability: LowFB_IMG_1535297342944.jpg