Bitcoin BTC/USD Technical Analysis 6/12/2018

in #bitcoin • 7 years ago

Technical Analysis:

  • Mid-Term View: 1-3 weeks
  • All patterns pointing to a bullish reversal over the coming days and weeks
    • Downward pointing wedge = Bullish
      • Pink Wedge Lines
    • Triple Bottom = Bullish
      • Break below the long term dotted trend line could be seen as a BULL WICK
    • Inverted Head and Shoulders = Bullish 
      • Area between points 2,3,4, & 5
  • RSI is already oversold and reversing
  • Buying anywhere between $6400-$6600
  • Targeting $7050-$7200 in the short term 
    • Retracement between $6650-$6800
  • Targeting $13,000-$14,000 in the longer term
    • Retracement to $10,000-$11,000
  • Stop loss at $6300 
    • IMPORTANT to NOTE that a continued move down to $5800-$6000 is a possibility if BTC breaks below $6430



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  • LITECOIN: MNwqCX6HoU6MeU9SRwNakT3iHEkfrig2YB
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  • BINANCE: 0xcaf1e0cd3de21a7d27497a95f8196f74a073ad76
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#btc #cryptocurrency #technical #analysis
7 years ago in #bitcoin by
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     7 years ago  

    Coins mentioned in post:

    CoinPrice (USD)📉 24h📉 7d
    BTCBitcoin6617.510$-3.68%-13.16%
    ETHEthereum498.707$-6.41%-17.82%
    LINKChainLink0.231$-11.57%-31.86%
    LTCLitecoin100.478$-6.14%-17.18%
    UPUpToken0.069$-8.43%-33.31%
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       7 years ago  

      Thanks for the update.
      How is XVG looking?

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         7 years ago  

        Hey Leecowell, I will post an update on VERGE tonight. I took a quick look at it this morning and a leading wave 1 was in play, which means a there will be a good entry point coming soon and solid wave 3 play over the next day or two.

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