SkyRock Signals

#BTC Update

The support and resistance levels can be clearly seen on the 4-hour chart. The BTC price is still in follows a growth correction pattern as the price was pumped from $6 000 to $8 500. At the moment it is trying to bounce from the Fib 0.5 level, forming a local support area. In case of failure there is a chance to touch the $7 200 level. In contract sucessful consolidation and breaking through the mentioned resistance area will give an opportunity to retest $7 600 level

We hope BTC will start grow, nevertheless the best situation for Alts trade is the lateral (sideways trend) movement of the BTC price. It is more important to recover from 31th of July losses when nearly all alts went down significantly