Update on Bitcoin. BTC-USD August 22, 2018

August 26, 2018


The pattern market yesterday has given an opportunity for the marker to work on 6800 level as we mentioned in the previous post. Now on 4h we are within the Ichi cloud and in order to determine the further direction we need to break through the upper edge (it will give an opportunity to touch the higher resistances, possibly 7500) or through its bottom edge (that will give the pullback closer to 6100 support from which there is an opportunity to open the long trade). The local support has formed at 6530 level, while we are above it we have more chances to grow, but if the 12h candlestick closes below we should expect the short-term fall.

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