Technical analysis Bitcoin. BTC-USD on July 05, 2018

July 9, 2018


The market has formed the uptrend wedge pattern, be careful, this pattern indicates the further possibility to fall. The fall of BTC may cause a panic and the market will become more bearish, which will need more time to recover and form the new impulsive wave of growth. The right thing to do now is to be patient and to watch your money manager and risk management. In order to have a more positive situation on the market and to open new successful trades, we are looking for any confident bullish actions from BTC, as we can see that most of alts follow the BTC behavior and are exposed to its oscillations.

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