BTCUSD - Forget the moon now
Diupdate
Hello everyone,
I saw a lot of people who call the moon and the end of the downtrend for BTC.
*** It's important to look at my previous analysis. ***
Looking at the 4 hours chart we can see that BTC after break down the huge support 7600 (61% Monthly Fibonacci) that I talked about in my last chart, it can't close over it since 23-5.
And the short uptrend from the low of the 29-5 broke today after the price reaches near the downtrend and 7600 level which plays as a resistance.
So, forget about the moon right now and wait for confirmation, we need to see a bullish 4 hours candle close over the short downtrend and 7600 level to can take a short to the top of the triangle.
Or the long uptrend (the bottom of the triangle) which meets 6800 will be broke and BTC will go to 71% Monthly Fibonacci 4300 level.
I saw a lot of people who call the moon and the end of the downtrend for BTC.
*** It's important to look at my previous analysis. ***
Looking at the 4 hours chart we can see that BTC after break down the huge support 7600 (61% Monthly Fibonacci) that I talked about in my last chart, it can't close over it since 23-5.
And the short uptrend from the low of the 29-5 broke today after the price reaches near the downtrend and 7600 level which plays as a resistance.
So, forget about the moon right now and wait for confirmation, we need to see a bullish 4 hours candle close over the short downtrend and 7600 level to can take a short to the top of the triangle.
Or the long uptrend (the bottom of the triangle) which meets 6800 will be broke and BTC will go to 71% Monthly Fibonacci 4300 level.
Catatan
The price broke the downtrend, but there is a bearish candle.It's on the way to test the broken trend, if this level hold 7490 - 7530 I will take a short trade.
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