Daily Crypto Charts With Comments! Aug 15, 2018 : Touchdown Or Bulltrap?

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BTC

Even though it is fun to see a green day, I think the probability is that it is not sustainable. We are losing momentum all ready as we are going up on lower volume. I except another big drop in a few days. I think we have to close a few days well above the 68,1 fibonacci which means around $7000. That is also where we ran into resistance last short attempt to stop the fall. First is $6500, then $7000 then I will start to look a little more bullish on things.

 
 

 

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