Bitcoin intraday analysis 14/06/2017
Ok, so let's jump right into it.
As of right now there is a struggle that can clearly be seen in the 1hr and 4hr chart
Screenshot_20170614-091014.png
76,8 retracement = 2790
61,8, well, it's not equal to but it's best to take as 2730
50 = 2665
The price is bouncing between the 61,8 and 50 retracements. And why is that relevant to us? Well, if the price breaks (and confirms the break of 61,8) upwards aiming and surpassing the 76,8 level, then the correction will be over. If, in the other hand, Bitcoin break down the 50 retracement, then we are in for a proper correction.
Be patient and wait for the right moment.
P.S.: today be not be the best day to trade. We'll have a very volatile USD that will surely affect the Bitcoin value.
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