BTC/USD One way or another...

10 jul 2017

In a wedge pattern which will typically break either up or down. Currently trading below the 20 EMA. If it does break down, support may be at one of the fibonacci levels (50% is not a 'fib' level, but a common place for a bounce), a moving average (100 or 200) or a previous high point over the previous months. Potential buying opportunities if it does break lower.

10 jul 2017

Nota

The Heikin Ashi bars are also in the red, bias is down to the lower trend line. If it breaks through, potential support may be the .618 fib level which was almost touched on 6/27/17, then the ~100 day EMA at ~$2195, 50% of the bull run is at ~$1945.