Bitcoin

Updated
Hard to say much.
Price in sideways to meet resistance near 7300-7400. Will see what will happen after reaching it.
Support zone S1 — 7000. Support zone S2 6800. Support zone S3 — 6700.[/I]
Reduce leverage level while we going sideways.

Stay profitable.
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Note
this idea is a part of
Bitcoin Update | Important Hint
Note
bitcoin dominance, and why altcoins can go up in this idea
Bitcoin Dominance | Reversal Structure
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Price without surprises reached resistance zone. There is 2 resistances 1. Level and reversal zone which I marked with gray. 2. Dynamic resistance from descending triangle. To level resistance we already have reached. To triangle resistance it needs more sideways untill reach it.
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Price surged from resistance of 7300 and now at dynamic support of Rising Wedge snapshot
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Break to 7000, take partial profits here.
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Hey again, there is 2 strategies for current situation:

1. Price of Bitcoin can go uo to 7125 and retrace to 6800 zone.
2. Bitcoin can go up to 7240 local resistance on this move and retrace to 6800 zone.

snapshot
Trade closed: target reached
Bitcoin (Cryptocurrency)BTCBTCUSDChart PatternsTechnical IndicatorsTrend Analysisxbt

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