$BTCUSD - Continues To Flag

23 ביולי 2018

BTCUSD Continues to Flag while contending with large volume down bar (red) of 6/10/18 allowing 20 day SMA to play 'catch-up'. Move above 7500 that 'sticks', may 'trigger' measured move price objective out of inverted H&S 7800-8000 to play out. Should BTCUSD be incapable of clearing the 7500 level and hold for a day or two, potential move back to 6900 support remains a possibility.

We await the verdict.