Update on Bitcoin. BTC-USD on July 31, 2018

July 31, 2018


We are breaking the support at 8100 again, most probably, we should not expect the further growth. In case of bitcoin further fall alts can also lose their price, be careful, now we should choose the places to enter on the lower levels, we can see the next wave of fall. On 1 hour timeframe we still ready to fall, which will be the correction of the last growth. The most important support is near 7400 level, for the further positive scenario of the market development it should reflect the fall. Otherwise, if we go lower (back to triangle), the last impulsive breakout will turn to be fake and the market will follow the global downtrend trying to find the place for reversal on the lower levels. As soon as Bitcoin stops its fall and most probably goes sideways the alts that have fallen would grow again, just have it in mind.

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