Technical analysis on Bitcoin. BTC-USD August 03, 2018

August 5, 2018


On 3 days timeframe we are still within Fib 0.786 – Fib 0.618 range, we could not manage to consolidate above the resistance Fib 0.618 that we needed for the further growth. Being below 7400 is a bad sign, now the price is testing the support of the upper edge of the pattern and we have all the chances to break it and go lower; the next support meets us near 6800 level. .

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