im_sng

BTCUSD Morning Update

im_sng Updated   
BITFINEX:BTCUSD   Bitcoin
Technical Analysis

Hey Guys what up! Sorry i wan't available for long but now i'm back and lets talk about our favorite Bitcoin. Lot's of news we saw ETF got rejected, Starbucks and many more. So let's start with the bull run we saw a week ago we bounce from $5700 To $8500 very good run but we got rejected again at heavy 61.8% Fib level SO where we headed to ? its on the chart we still didn't broke important support level which i mentioned on the chart.

Indicators

1. MACD - Bearish On Daily
2. RSI - Bearish(Below 50 Level)

Conclusion

So what is the conclusion, well it depends on this level if it got broke we will continue to bleed but if it took support we may moon soon

Thank You For Your Support

Previous Analysis
Trade active:
Order Filled
Trade active:
Broken Trend Line Broken Hopes
Trade active:
Trade active:
Testing Out The Resistance before the further fall
Trade active:
BTCUSD Update
Trade active:
Just as Expected
Trade active:
Trade active:
Looks Like We Formed a triangle. Price will continue to decline first target $6020

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