Bitcoin & Tron Analysis 21 July 2018

BTC/USD

An inverse head and shoulders pattern was completed by #Bitcoin, with a neckline break above at $6900. The pattern target of this #Breakout is $7900+.

#Bitcoin has a strong resistance at **$7700, also the downtrend line of the descending triangle is close at $7600. Traders can take partial profits at $7500 and use #Stoploss at $6700. If #Bitcoin break out and close above $7700, it will invalidate bearish pattern. Failure of bearish pattern is a bullish sign with the new targets at $8500+ and $10,000+.
#Bitcoin bottom is looks likes at $6000. By looking through #Stochastic, it looks like going in downward direction, so possibility of a retest of $7000 mark in the next few days, but it should hold.

TRX/BTC

#Tron tried to go above 20-day #MA and the downtrend line but unable to do so. #Tron has a major #support level at 456 Satoshi. Few Events of #TRX are coming in July last, so I believe its price might go up.

Also by looking through #Stochastic its already going in #Oversold Zone. It has #Resistance at 516 Satoshi, if it cross above this #Resistance it can go up to 600+ Satoshi. I think we can purchase #Tron at this level by placing #Stoploss and get Profit till August first week.

All forecasts based on current Market Situation. If Situation change we will Review Charts again and Revise accordingly.

UPVOTE | RESTEEM | FOLLOW

Every #UPVOTE will get UPVOTE in Return from me.

Wish You Success!

@piyush2516
@cryptopiyush online

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