BITCOIN BTC/USDT Short Term Technical Analysis 6/14/2018

Technical Analysis:

• Short term look at BTC/USDT - over the course of the next few hours
• BTC has completed an impulsive 5 waves up with decent volume
• Looking for a correction over the next few hours down to $6350-$6495
  • Retracement down to $640o is the highest probability target in my opinion 
  • A retracement down to $6350 or the .618fib level is a must buy 
  • Anything in between that range is good entry position for the long or short term
  • Stop loss @$6250-$6300
• MACD is already bearishly diverging 
• RSI has curled down and trending downwards

NOTE:

• This is a short term correction - looking at $7000-7200 in the near future, $7800-8200 in a week or so, and 12k-14k in 2 to 3 weeks 
• I believe that the bottom has been hit at $6118, but another drop down to $5800 is a possibility until we break the $8200 range. 

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• LITECOIN: MNwqCX6HoU6MeU9SRwNakT3iHEkfrig2YB
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• BINANCE: 0xcaf1e0cd3de21a7d27497a95f8196f74a073ad76
• ETHEREUM: 0x4c8d59799E6EF1faE64Bc40D1668B77DD8d5e9Ed

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