BTC/USD - Sour Update 26/6/18

Suhdudes

#BTC been testing some resistances around the $6,250 region.

Currently it has hit 4 times, piercing once showing the resistance weakening.

A break of this resistance upwards although unlikely without volume, looks to target $6,800 - $7,000 regions.

We broke downwards since last post, getting as low as $5,783, $76 off my target of $5,859.

It is more likely we will continue this downtrend towards the long term target of $4,778.

This working nicely within the descending triangle, but i would tread carefully. As everybody wants #BTC at that region, it could also prematurely breakout of the triangle depicted in the charts below.

This is bargain price considering several targets mentioned of $35 - 40 k + by the end of 2018.

Watch my charts and listed regions below, enjoy!

UPON BREAKUP

• $6,850
• $7,812
• $8,900

CONTINUED DOWNTREND

• $4,778 (Primary)
• $3,199

CHARTS

Hourly Major Resistance at $6,300

Hourly Descending Triangle Breakout and Final Targets

Daily Descending Triangle Targets

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Legal Disclaimer: I am only as good as guesses and fibonacci , i love to share my information however i am not telling anybody to specifically follow in any of the trades or decisions i make. I win , I lose but at the end of the day i use this all as a platform to share my opinions on possible outcomes and trades i will be completing. Happy Trading!