Репост из: Technical CRYPTO Analyst
Bitcoin update daily time frame:~
As I look on this daily chart I seeBTC has hit the lower low zone inside that channel (See above pic) now it's jumping back, honestly I did expect this jump
the trend line support was around 6500 level and BTC has kissed this level and now 600+ dollar up
if you see this above pic closely you will notice BTC is most likely going to test that lower high level ( Around 8300 - 8200 level ) within next few days.
then we have to watch wheater BTC goes above this or not
if goes above = bullish scenario will come into play
but if fails = bear till 6K level no doubt
#TA #BTC @TecnicalCrypto
As I look on this daily chart I seeBTC has hit the lower low zone inside that channel (See above pic) now it's jumping back, honestly I did expect this jump
the trend line support was around 6500 level and BTC has kissed this level and now 600+ dollar up
if you see this above pic closely you will notice BTC is most likely going to test that lower high level ( Around 8300 - 8200 level ) within next few days.
then we have to watch wheater BTC goes above this or not
if goes above = bullish scenario will come into play
but if fails = bear till 6K level no doubt
#TA #BTC @TecnicalCrypto