Bitcoin BTC/USD Technical Analysis 6/12/2018

Technical Analysis:

• Mid-Term View: 1-3 weeks
• All patterns pointing to a bullish reversal over the coming days and weeks
  • Downward pointing wedge = Bullish
    • Pink Wedge Lines
  • Triple Bottom = Bullish
    • Break below the long term dotted trend line could be seen as a BULL WICK
  • Inverted Head and Shoulders = Bullish 
    • Area between points 2,3,4, & 5
• RSI is already oversold and reversing
• Buying anywhere between $6400-$6600
• Targeting $7050-$7200 in the short term 
  • Retracement between $6650-$6800
• Targeting $13,000-$14,000 in the longer term
  • Retracement to $10,000-$11,000
• Stop loss at $6300 
  • IMPORTANT to NOTE that a continued move down to $5800-$6000 is a possibility if BTC breaks below $6430

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• LITECOIN: MNwqCX6HoU6MeU9SRwNakT3iHEkfrig2YB
• BITCOIN: 3MwvZ6Q7R7dtSR8P1o5bb3oz4hegwtSuiR
• BINANCE: 0xcaf1e0cd3de21a7d27497a95f8196f74a073ad76
• ETHEREUM: 0x4c8d59799E6EF1faE64Bc40D1668B77DD8d5e9Ed

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LEGAL DISCLAIMER: 

I am not a financial advisor,  nor is this intended to be financial advise. I encourage you to  do your own research considering this blog is intended for me to  document my own personal  analysis, charts, trading decisions, and  experiences. If you would like to  learn  more about trading,  cryptocurrencies, and the resources I used  to learn  how to trade and  invest, see my  previous post - LINK.