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Thursday, August 23, 2018

|>> New Crypto Analysis by FX for Dummies August 23, 2018 at 07:03AM :

" šŸ“Š Bitcoin price approached our first waited target at 7000.00 yesterday and bounced downwards strongly after finding solid resistance formed by 38.2% Fibonacci correction level for the decline measured from 8496.96 to 5880.00, which hints the price head to resume the main bearish trend in the upcoming sessions, especially that the price moves inside a minor bullish channel that we believe it forms bearish flag pattern. Therefore, the main bearish trend will be suggested on the intraday and short term basis unless breaching 6880.00 level and holding above it, noting that breaking 6335.00 will confirm the continuation of the bearish trend that its first main target located at 6039.30. Expected trading range for today is between 5900.00 support and 6800.00 resistance Expected trend for today: Bearish "

 

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