New uptrend cycle for BTC

22 mai 2018

BTC is coming to a critical support level ~8100 from where it should bounce and start another uptrend impulse. That is almost guaranteed scenario. If that won't work it will fall to ~7850 again. Lets hope it will not happen =)

1 day chart also shows potential reversal.

24 mai 2018

Note

After recent fall to 7300 BTC finally found support and bounced back althogh the volume there is pretty small and I can't see much bulls activity. It might fall back to 7300 before final breakout. Nevertheless its a chance for it to go back to 7800 and maybe even return back to 8300. If that happens the new uptrend sycle may begin.