BTCUSD Pivot objective reached @ 7640

11 Şub 2018

On 1/2/18 I posted 'As long as price is capped by moving average ribbon, losses are expected to persist'' and I marked 7640 as a level to watch out for. Price reached a low of 6024 on 6/2/18 but has since bounced back above 7640. I expect price to correct higher to test the descending TL marked before renewed pressure to the downside.