Wednesday 18 April 2018

BTCUSD: Bitcoin getting close to cloud chart resistance zone!

BTCUSD: Bitcoin getting close to cloud chart resistance zone at bottom end of the cloud: 8827, a key resistance zone! Can see a reversal at that level if resistance holds, that's the downside risk.

On the upside, the rally can continue provided we see a sustain breakout past bottom cloud chart resistance zone!

Price action is still below the cloud, and this is overall negative. If resistance holds at 8827 we might see a reversal to the downside.






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