Tokens24.com is your single stop for crypto

Daily Crypto Price Analysis (Bitcoin 2nd August, 2018)

Analysis

As expected, Bitcoin came into a projected support area for wave (iv), so we should be aware of a bounce here around ideal 38,2% Fibonacci retracement at that base channel resistance line, which can act as a support now. So, if we get a bounce, followed by a break back above 8k area, then this would be a good indication of a reversal into wave (v). Even if correction goes more complex here in wave (iv), we will remain bullish, while it’s above theĀ $6800 invalidation level.

 

 

 

Provided by:

Leave a Reply

Please Login to comment

Newsletter

Community

Tags