Looking for the 0.618 Fib retracement to around $6400

29 May 2019

BTC/USD has had an incredible few weeks but I think there is need for consolidation as the bulls begin to take profit. I can see us forming a double top around ~8800 and it rejecting down to fall through 50 & 100 EMA which will form resistance for a visit back to $6400. Once the price has consolidated, we will need some more positive news to see moves like we've witnessed over the recent weeks.