stewdamus

BitCoin BTCUSD Will not close below $2230

Long
stewdamus Updated   
BITSTAMP:BTCUSD   Bitcoin
6
If my analysis is correct, we will continue to close inside the borders of the green channel outlined. I don't expect to close this candle below $2230, which is the high on the 22nd of May and also a support level (red line). This support intersects with the bottom of the green channel.

Further analysis and price prediction indicates that, as long as we do NOT close outside of this green channel, BTCUSD -7.70% will continue it's upwards trajectory and should reach the next level of $3300 inside of 15 days.

Let me know what you all think?
Trade closed: target reached

Stewdamus Trades -

Prophesying the price action of markets one chart at a time.

Crypto predictions, targets, how-tos, and much, much more!

Never miss a prophecy. Sign up for my free newsletter at:

stewdam.us
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.