Bitcoin talk on USD!!

#BTCUSD

As always I will stick to my plan. Until #BTC shows me that it can break above $8200 level and hold I'm going to keep my bearish bias (currently 65% Bear and 35% Bull after analysing TA). Price was rejected at $8200 after reaching Horizontal Resistance level and the Chuvashov Fork resistance trendline. Price is now shaping an uptrend channel that looks like a Bear Flag pattern to me (let's add this other one to the list).

Buyers are currently winning, they were able to keep the Price really well above $7400 level and they have also started a small HH, HL sequence in the LTF. Sellers pushed price down at $8200 which is the current LEVEL TO WATCH. In my honest opinion, BTC is still ranging up and down between $7400 and $8200, until we make a clean breakout of one or the other level we won't know who's going to win the fight.

For further any queries
Ask @luckys