Another make or break week for Bitcoin 9th Aug 2018 [BTFD]

Looking at our daily bar chart here

currently in a massive demand zone and if bitcoin cannot get above 6500 then were likely to see a breakdown of 6k down towards 5800-5600 area at first, creating another ATL for 2018 is quite probable with current market conditions

Of course this could all change with some large bids, the scarcity of bitcoin is making these markets very fun to watch and play, Bitmex recently broke records, p[eople are leveraging like crazy, mixed with record high shorts, so expect lots of squeezes both ways over next few days, might wanna use a lil more space on S/L's just incase

IF we can move above 6800 a test on 7k would be crucial and would need large momentum (which we have seen in nearly every bear dip with bitcoin over the years, do NOT rule this out!)

Will look at catching the bottom once we find the bottom, i still hold by my $4k predictions from last year :P

feedback and comments welcomed, plz check my other charts for Bitcoin against the GBP & Euro below

Comment:

right on 10pm GMT and weekday Markets and then in comes the bears and dump it, prolly wiped out a ton of longs set before the weekend

massive multi million dollar move there

One year ago today bitcoin was around $3800, have u checked the log charts?

check my other ideas...

Order cancelled:

idea closed

please use this chart or a more recent one

Comment: