Update on Bitcoin. BTC-USD on May 15, 2018

July 26, 2018


We are at the very top of the downtrend wedge, if we break it, it can cause the further growth. On 12h timeframe MACD is starting to cross and ready to move up, Stock RSI also indicates the growth continuation. The market looks ready to test the resistance zone 8750-8900$ again.


It continues to move inside of the downtrend wedge. The high timeframes indicators show the further desire of the market to move down, most possible that the asset won’t be able to consolidate above the closest resistance and we will keep on going to the support before we break the wedge through its upper edge and follow the positive scenario.

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