Techinical Analysis Update Bitcoin - BTCUSD - 7/25/17

Bitcoin




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We got into the buy area I was talking about in my previous post. If you were able to fill up in the buy area, chances are you bought the dip.

We have a good bounce on the 38.2 % fib line aswell as this area was the previous consolidation area before the crash to 1800. This support area should be really strong we should test the break out resistance 1 before support 1 in my opinion.

I wouldn't be surprised if there was one more correction coming , At the moment I am long and ready to fill all the way down to 2400 again, If support 1 breaks the bottom will be around 2200.



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