Technical analysis Bitcoin. BTC-USD on August 01, 2018

August 2, 2018


If to take it globally, the downtrend trend is still actual. There is a high possibility that we can see now the correction ABC waves. If the price movement forms ABC pattern, then the next point C will be near 7100$ level. The second variant of the development can be as a breakout of 7800-8000 range. If Bitcoin breaks 7500, we do not recommend to buy alts much and use the stop orders along with the asset price increase.

All the articles