The promised Bitcoin report by Mr. I that Premiums got about two and half hours ago: Exclusive...
Exclusive Bitcoin Update 24th May, 2018 By I For D-Man (Blockchain Whispers)
Since its pretty clear the bears dominated yesterday and followed our report precisely Yesterday so taking it ahead from there is this update,,,, as we promised to keep u updated:)
We had the stop at 7490 as called and also a little bounce up ....then we breached the little stop zone(7490) and went further down now around 7360....Now the following cases arise:-
1)Right now we should head towards the level of 7230ish now this zone till now suggests the best probablity of the bulls to make a bounce else....it will most likely go to 6800ish levels
if it even enters that range we will have good chances of the overloaded short squeezes that can propel a price straight down towards the previous low of 6k....although chances of bounce exist in the ranges 6.2-6k...critical zone..
2)This is the bullish scenario...if we have a decent volume breach of 7500ish we can expect a small pump till 7620-7714....
now the real test for bull will start....they need to hold these levels(7620-7714) and they can then expect to breach 7900 which will not be easy....but if its accomplished...it should be easy to 8024 range.....if they hold this range the 8151-8246 will be a real challenge where the rejection is a very high possibility
but if the bulls manage to break this barrier it will be a bullish breath of freshair for shorter term....Thats for now...The price action will be monitored and you will be kept updated...
You are in god hands :)