BTCUSD Daily

Nov 6, 2017

Bitcoin bulls have marched their way to the top and have found resistance at the 7600 psych level. An indecision/reversal candle is spotted at the resistance level and it is currently looking to make it way back down but I do anticipate a retest. If it does fail to break through a second time around, I'd look for a short opportunity going as low as the 6000 psych support level based on what past data has presented. May the market be in your favor.

Nov 12, 2017

Comment

As previously mentioned, price went how i anticipated. The preceding trend has hammered down but i see it making a small pullback off the support but ultimately continuing it's bearish push to the 5000 psych level.