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BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
FLAG = Impulse + Correction

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After a significant drop in Bitcoin price , the price is in a correction wave.

What makes the chart interesting today is that:

. Bitcoin is likely to challenge the 18042 ~ 18227 resistance area .
. A break above 18227 could push the pair to the 19487 area .
. A resistance rejection , however could lead to another retest of the lower supports.

Will the Bitcoin see a rejection from the resistance area or an upside breakout?

No one knows it! We have to wait and see!

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Comments

Thanks a bunchβ€― for these posts
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ForecastCity sofi_Morphy
@sofi_Morphy, You're very welcome!
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Amazing content. πŸ‘
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@Lizabet, Thank you
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❀️ Thank you!
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ForecastCity Best_Forecast
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🌟 Very educative!

🌟 Impressive and excellent!

🌟 Clear analysis.

🌟 Easy to understand
+2 Reply
ForecastCity Best_Forecast
@Best_Forecast, We appreciate your comment.
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Great TA. Thanks for sharing.
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@easyman7, Thank you for your comment. We appreciate it and wish you the best of luck.
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