BTCUSD strategy in June

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

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Update

Here is ecpected decrease to the support zone. Currently we have a bounce back and abillity to test resistance level of $8000

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The price rebounded, BTC is slowly gaining volume. Since it has reached the level of $7700 again, there is a good chance that it will continue to grow from this moment.

Successful consolidation above the $8000 mark will give a great chance to test the next resistance of $9000. Moreover this will be a sign of reverse that we forecasted

It seems that our waiting is over and crypto market starts new uptrend. We are in search of great trading opportunities as there are a lot of good and cheap alts