EC-Crypto

BTC Analysis by EC Crypto

BITFINEX:BTCUSD   Bitcoin
BTC remains in a lateral movement after downtrend last days fluctuating between a resistance line of $6,500 and a support line of $6,400. If the candlestick breaks out the resistance line, we will take a LONG position to reach our 1st Target at $6,700 (4.16%) and maybe the price will reach our 2nd Target at $7,300 (13.52%). If the candlestick breaks out our support line, we will take a SHORT position and wait for the price to hit 1st Target at $6,100 (5.19%) or the price might as well hit 2nd Target at $5,500 (14.43%).

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