SkyRock Signals

​​#Analysis

#BTC

Update

BTC perfectly followed our forecast, however at the last moment the price was dumped hard down through the support of $7 400. Immediate consolidation broke the price below a critical for this moment level of $7 000, nevertheless it managed to bounce from the lower edge of Ichimoku clouds. It is a very dangerous moment for BTC, as there are good fundamental news: Starbucks plans to accept as a payment BTC and Chicago exchange can include cryptocurrencies to the asset list. According to TA analysis there is a larger IHS formation. So it is a very important moment for BTC it should hold current level to continue its uptrend. In case of further decrease the pattern will be broken and we can see a long sideways movement.

For the cryptowold it will be a negative situation however BTC sideways trend will open opportunities to trade Alts with a great profit with a low risk level.