BITCOIN UPDATE JUNE 4, 2018
Today, the BTC broke through the $ 7,600 level, which was forming a strong home base with the pole beekeepers. If you support the $ 7600 property, $ 7600 will be replaced by a strong support line.
From the current pattern point of view, we can see that the reverse head and shoulder pattern that started from the end of May is being drawn. The present price range is staying near the neckline, and considering the reversal head and shoulder pattern and the upcoming June 6, it is time for a mid-term rise.
When viewed from the side of the Elliot Wave wave, you can also find positive aspects. The current adjustment C wave is considered to be over, and it can be seen that one of the five rising waves is largely in progress, and the third wave is in progress. However, since we have not yet made a rising channel, please feel free to refer to it because there is a sense of urgency in view of the Elliott Wave wave side.
In the case of supplementary indicators, the downward divergence is mostly seen in the short term. However, if a stronger uptick appears once again at this point, it is expected that the MACD Golden Cross will be created and will show a good flow.
The most important thing now is to support $ 7,600 and to build strong support line for 7,600. It seems that there is not enough trading volume yet, so this part should be watched more and in the short term I can not rule out the possibilities of whipsaws. In the medium term, it seems that the transition has occurred to a fairly good trend.
I think you can refer to the brief briefing given in the afternoon afternoon. The short-term resistance line is formed at 7900 $ / 8100/8350 $, and the medium-term resistance line is 7900 $ 9000. If you arrive at the 7,900th fireworks coins, you will be asked to make a partial call.
Today Events - 04.06.2018
OriginTrail (TRAC) - Explorer Release V0.9A
Effect (EFX) - SPOT Airdrop for EFX Holders
FORCE (FOR) - New Website and Roadmap Release
Docademic (MTC) - Monthly Airdrop
Tokenomy (TEN) - Public Beta
OmiseGO (OMG) - Listing on BitMart
Status (SNT) - Livestream
TRON (TRX) - Listing on Indodax
Lisk (LSK) - Listing on OKEx
Aion (AION) - New York Meetup
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