Bitcoin Market.
Hi folks here's an update on Bitcoin and altcoins.
- We've been making higher lows since bouncing off support at $5400;
Price now moving into a descending symmetrical triangle, traditionally a bearish pattern but we could get bounce if we break out of resistance;
If we get a bounce, your target should be the $6900 - $7000 area, which corresponds to the 0.618 fib extension;
- Trade carefully these days, the market is very shaky due to BTC and BCH going head-to-head.
Cheers,
Dan @tradealert