Bitcoin trend today 7th August 2018

in #bitcoin6 years ago
  • Technical calculation still now shows that as butterfly target $4444.

  • And still now bitcoin mining expences is arounf $ 5500.

  • It means $5500 level barrier is a key test level , thatvis difficult to test $4444.

Screenshot_20180807-120140.jpg

  • If it go below $5500. Than it difficult to hold that position for long time.

In previous post trading between $6500 to $ 7400.
The intraday low was $6847 and high was $7120.

  • as per knowing signal are bearish it try to hit the level $6500.

  • RSI shows that the sellers are taking a break but buyer are taking over.

  • mostly price is test $7200.
    Before it hit $7500 . It will test $6800 to $7000.

Screenshot_20180807-120606.jpg

  • 1st support level is $ 6500.

  • 1st resiatance level is $7500.

  • 2nd support level is $6000.

  • 2nd resistance level is $7800.

*Expected trading between $6500 to $7500.

Todays trend is bearish

All information are education purpose only.
Trade according your capacity to loose.

Thats all.

Have a nice day

If you have any query write me on comment box

If you like post keep Upvote and RESTEEM it.

#bitcoinprice
#bitcointrend
#marketprice

@suratcorporate