BTC/USD by Mr. L BTC has shown us now that momentum to break to the upside is just not there....

6300-6400 Being strong resistance we can switch our views to where we are going to next.

Using basic wave breakout rule methods there are two possibilities:

USD 5550
USD 5250

First one being Conservative and second being a 1:1, These should be the expected prices once we break down.

We are still in a downtrending channel which we have yet to breakout of. With volume being deadlow after each rise history repeats itself that we must see further down.

Please note that we have broken down fully out of the bigger squeeze that progressed from early march till now. Simple Breakout TA on this suggests for 1500 price this year as i posted in one of my previous posts but i doubt Miners and whales will let that happen as it can critically damage crypto for the near future.

There is also one last Possibility that we are experiencing a 5 wave correction pattern. This is bullish because this means that this is the last wave down, which is usually an overthrow.

Now That You Read It… I Am Proud To Invite You To Join The Most Accurate, Most Respected (And Wealthiest) Crypto Family Today And Cash-In On Our Badass Crypto Signals!
(It takes less than 40 seconds to get your Blockchain Whispers badge!)
Here's Why Joining Now Might Be The Best Thing You Can Do Today:
  • You Get An Occasional But Accurate FREE Crypto Trading Signals!
  • Real-Time Notifications About New Signals, New Posts And New Important Crypto Happenings.
  • BlockchainWhispers–only members opportunities to make money or to save it from bitcoin downfalls. All when you start filling out the simple form above. See you inside!

Step 1/3: Create Your FREE
Blockchain Whispers Account

(Already have Blockchain Whispers account? Login Here)

IMPORTANT: to keep quality of the signals high & avoid pump-and-dump, new membership slots and free signals are limited, so I strongly advise join now..