With BTC Taking another spike up over 7500, We are now looking at the scenario of a pullback off the wedge formed from the last year of volitility.
My prediction:
- We move up to 7800-8000 to touch the resistance trend line.
- We then retrace back down to bounce off the 50 EMA at roughly 7000, there is also heavy support here on the daily.
- We then follow the 50 EMA to break out of the wedge
- A Daily Golden Cross happens around 07/08/2018 which will push us along on this bull run.
My prediction:
- We move up to 7800-8000 to touch the resistance trend line.
- We then retrace back down to bounce off the 50 EMA at roughly 7000, there is also heavy support here on the daily.
- We then follow the 50 EMA to break out of the wedge
- A Daily Golden Cross happens around 07/08/2018 which will push us along on this bull run.