SkyRock Signals

​​#analysis #BTC

The price touched the lower edge of ascending channel and can break it down. It should move lower to the Ichi clouds zone which will be a support level around $7430. The volume is decreasing and indicators become bearish . The formation can be interpreted as an ascending wedge , which indicates the emergence of prerequisites for the upcoming downward movement. The probability of further growth is low, the price can touch $7800 as it is in oversold zone but then there will be a decrease to the support zone . Conclusion: It is better to wait and track BTC price as it affects the whole crypto market. It is too risky to open any deals especially with alts. We just need to wait when BTC stop fluctuations and will provide an opportunity to earn stable and high profit. Currently trades with BTC or alts are rick/reward unfavorable, people panic sell everything and dumping BTC and alts price. We will wait and buy strong and cheap alts and BTC to earn super profits, we will provide you with new signals and trade ideas as soon as possible