BTC TREND PRICE ACTION

٩ أغسطس ٢٠١٨

Forecast for BTC, if we cannot get a spike up soon we will definitely have a crack at the 6100 support area sooner rather then later, however, i do feel a short squeeze is necessary before this occurs... We have come full circle arriving back within reach of the long standing downtrend channel and i think its almost a certainty that we will dip under it this time before we see any major upside movements again. One thing i do see on the daily chart is a directional change of the Average true range, positive, and a sign that we may be starting to heat up a tiny little bit, time will tell. give us a thumbs up if you agree...