Bitcoin price analysis - USDT/BTC on Poloniex

Update of https://steemit.com/trading/@rd7783/bitcoin-price-analysis-usdt-btc-on-poloniex

the previous post highlighted the congestion period and prepared for a directional move which recently arrived and pushed the price to its downside support at the 50% retrace or 605 level where high volumes started to manifest

cryptos recently lost some stage light since the S&P500 broke new highs, it will be important to monitor if this tendency reverses as gold keeps on showing no weakness.

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources and the author does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.