BTCUSD Worst case 7400 best case bounce from current levels

18 mai 2018BTCUSD has been getting hammered a bit but around consensus this sort of drama happens a lot. So anyway cutting it short, I would say BTC is currently in a neutral state. Worst case prediction is $7400 before the bounce (if we break that level Oh bouy!! )

Best case will be to bounce from current levels, to $10,000 mental barrier taking a toll. Next target will be as shown in the chart by fibo levels. Lets see where does it go.

20 mai 2018

Commentaire

we need to see that curving and slowing down of the downtrend.. breaking it sideways to stop the bearish momentum. Otherwise the stops will be taken out and price will catastrophically drop to sub 7K or even sub 6.6K levels transiently before recovering to sub 8K levels.. waiting for another hope for stabilization.