Broke first (R) level. Still Long.

19 Jun 2018

As expected the 2 session sideways trading projection was over and BTC moved to a new High = 6,826.8 on 1H (RSI = 67.099, MACD = 51.500), breaking the Lower (soft) Resistance level (blue dotted line). It does however remain under the 1D Channel Down (Highs/Lows = -41.6720, BBP = -144.8180) selling pressure, but see how the blue arrow is driving it towards the next Resistance level (blue dotted line) at 7,094.60. Its Lower High is located at 6,989, with the extension on the pitchfan moving it a bit higher at 7,309.30. This is in line with my 7,286.70 - 7,417.90 weekly projection. Remember that crossing 6,000 however is an immediate short (TP = 5,616.70 1W EMA100).