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BTC ANALYSIS

Weekly chart looks both bullish and bearish. Bull flag pattern but with decreasing volume as we near resistance at the diagonal trend line.

Daily says we will hit top of box at 6750 while 4H is indicating a pullback - So weekends are generally borning.I'm still bullish until the previous daily low of $6394 is broken cleanly - in other words, not just a stop run.Although we've broken the $6347.5 lvl sometimes, I expect it this time to be different.

Look at volume the last time the volume average was that low was July 2017 so we will need good increase in volume for a confirmation of the breakout.i think Chances of BTC breaking out on the upside are higher than otherwise, given the earlier trend before it fell into this range.

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Disclaimer:Don't invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses.

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