Bitcoin & Tron Analysis 21 July 2018

in #bitcoin4 years ago (edited)

Capture.PNG

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+.

btc daily.PNG

#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.

trx.PNG

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

Follow Us :-

Telegram channel: https://t.me/joinchat/AAAAAEH6X1jXr4dzVcew1g

YouTube Channel: https://www.youtube.com/cryptopiyushonline

Twitter Update: https://www.twitter.com/piyush2516

Facebook: https://www.facebook.com/piyush.tripathi.5623

Sort:  

wao nice prediction. wait and see what happen

You have really shared useful information.

thanks for support

Coin Marketplace

STEEM 0.22
TRX 0.06
JST 0.026
BTC 20053.02
ETH 1382.09
USDT 1.00
SBD 2.48