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Friday 8th June 2018 BTC UPDATE

Friday 8th June 2018 BTC UPDATE:

  • BTC is set to see a retest of the 7534 Position. This represents 0.67 on the Fibonacci Sequence. Fibonacci here has been drawn from the Weekly Highs to last Week’s Lows.
  • We will see 7534 hit with potential to see 7489 being tested on the 1M wick before the daily closes on 7650.


  • On all HTF (Higher Time Frames, the BB Bands – or the Bollinger bands are illustrating a move downwards.
  • Yesterday, Thursday 7th June 2018 – BTC kept on getting rejected at the 7.7 Level illustrating Lower Lows being made. Ultimately Lower Lows, Lower Highs means a bearish Sentiment.
  • Short from 7690 levels with a SL above 7710 at a Leverage of 25X. TP or Take Profit should be 7534. This represents a 156 PIP move.
  • Another Limit order should be laddered from 7489 upwards to 7534 to catch the bounce. SL should be at 7460 at a 25X Leverage with TP being at 7645. This represents a 112 Pip Move.

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Bitcoin (BTC)
43.00 RSI
Ethereum (ETH)
43.00 RSI
46.00 RSI
Tether (USDT)
9.00 RSI
Bitcoin Cash (BCH)
34.00 RSI
Litecoin (LTC)
37.00 RSI
32.00 RSI
Binance Coin (BNB)
48.00 RSI
Bitcoin SV (BSV)
38.00 RSI
Stellar (XLM)
61.00 RSI
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