BillCharison

#BITCOIN - Unfortunately, Bulls Are Weak

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COINBASE:BTCUSD   比特币
Bulls didn't let the price dumping lower than $5800 and reach 0.618 Fibo level. Small flat and pump back upwards. As the result $BTC broke through the resistance of $6090 and now we're breaking through the $6270 resistance.

The next resistance levels are $6450 and $6600. We're going to SHORT from this range, as bulls won't be able to break through the $6700 - $6800 resistance now. Bulls have weakened during the recent flat. The way upwards to $6600 can be considered as a retest of the strong resistance.

Unfortunately, this is what we have by now.

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