sch17

BTCUSD TA Forecast

Long
sch17 Updated   
BITFINEX:BTCUSD   Bitcoin
For this time we have strong Weekly Resistance Line (0.618 Fibo, app. 7.8k$) and Senkou Span B (Red Line) as a Resistance and that's why the price cannot move upper. But daily support line (app. 6.8k$) is strong enough. In another hand, Triangle had formed. Depending on the direction of breakdown, the price can go to 12k$ or to previous support line (app. 6.0k$). In closest time a more realistic case is uptrend.
Comment:
For this time the most realistic scenario is the downtrend to previous support line (app. 5k$)

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