From its ATH at 20K to its recent low at around 5.8k area Bitcoin seems is creating a clear ascending triangle and it still will continue to consolidate inside the triangle. By this, since our likely forecast on bitcoin yesterday and is already going down searching for a stronger support. It seems it will touch the ground for the depicted traingle in the following 2 to 4 days and will most likely again started to the resistance line of the triangle around the 7.4k strong resistance. This is actually happening because of the ETF's delay till Sep 2018. Further we predict that most probably Bitcoin will likely rebounced again towards the base line at around 5.8k and on the uptrend reversal happening at those moments the breakout of the ascending triangle might show us a good higher highs.
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With Regards.TeamTWA.
Stay tuned to our channels to get more updates. Don't forget to give a like if you agreed with this idea. or put your comments below if you disagree on it.
You can also follow our telegram channel for more news, TA, FA, and trading tutorials.
With Regards.TeamTWA.
