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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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6

ViFeed Indicators

Bitcoin (BTC)
$3238.7
45.00 RSI
-0.34%
Hold
XRP (XRP)
$0.29
49.00 RSI
-1.56%
Hold
Ethereum (ETH)
$84.25
54.00 RSI
-0.24%
Hold
Tether (USDT)
$1.01
46.00 RSI
0.38%
Hold
Stellar (XLM)
$0.1
56.00 RSI
-2.07%
Hold
EOS (EOS)
$1.9
47.00 RSI
3.69%
Hold
Litecoin (LTC)
$23.82
48.00 RSI
1.79%
Hold
Bitcoin Cash (BCH)
$77.53
42.00 RSI
-3.20%
Buy
Bitcoin SV (BSV)
$67.89
51.00 RSI
-4.28%
Hold
TRON (TRX)
$0.01
35.00 RSI
-0.28%
Buy
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