urgent btc Update 7/16/2018

Now we can observe the strong growth of BTC, we broke through resistance at 6430, and then broke through strong resistance at 6600. We have on our way not a few important obstacles, such as the resistance of the downtrend, where it will be possible to open a new long position safely.

If we hit 6680 and lock above, we can open the long with the stop loss in breakeven, since if there is a new wave up, such an impulse will not let us go back. Also, in the course of the movement, we will form a "head and shoulders" pattern that will also give a strong impetus to growth. However, if we fail to break through the next resistance, we will fall to the nearest strong support of 6430. Also we can see that all oscillators are in overbought, which is far above the previous highs, so if there is a rollback, then it will be strong, so As all the longs begin to be fixed sharply and in plus and minus.

We continue to monitor and draw conclusions!