BTCUSD possible scenarios

28. Juli 2017

We have two scenarios here before Aug 1
1. A big move up. Retesting the resistances and entering the supply zone above 2800.
2. A move down (of course :P). The correction continues.

We just need an important fundamental news to trigger BTC to move BIG.

28. Juli 2017

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Price just needs to stay afloat 2,600, and we're all good.

28. Juli 2017

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Watch out for these price levels (yellow horizontal lines)

28. Juli 2017

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2658 was the price reversal for the first retracement down.

28. Juli 2017

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was too hopeful in my previous analysis. Bitcoin will be moving sideways from hereon waiting for a big move on or before Aug 1

the current setup says that there's distribution, sellers gradually selling, and buyers buying hoping it could go beyond 2,700.

28. Juli 2017

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so being hopeful was right. LOL

28. Juli 2017

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2750?

28. Juli 2017

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according to the market depth, there's a huge wall at 2750

28. Juli 2017

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2800 next target

28. Juli 2017

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The reason behind this rally while altcoins lag? People are after the FREE coins from Bitcoin Cash!!!

Most exchanges are giving them for free at 1:1 ratio. That's why you should buy bitcoin now. LOL :P

28. Juli 2017

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I'm just kidding guys. Buy bitcoin at your own risk. You wouldn't want to buy in a rally. Sellers are waiting at the end of the rally. Who knows when profit taking will start.

28. Juli 2017

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Could potentially rest near 2700 first before going back up to 2800

28. Juli 2017

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2800 here we come

28. Juli 2017

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retrace down then move up again. People will keep buying because of the free Bitcoin Cash on August 1