BTC update 14th July

BTC now trading around 6220. If you look at the image below you guys see a lot of colors :P This is called a fibonacci analysis. A key number of a lot of things and also used in bitcoin technical analysis is 61.8%. Bitcoin has held this 61.8 fibonacci support level at 6180 dollar (freaky right?). As long as we hold this level (this is very probable!) we are good. For you guys who are saying "we went beneath this 61.8% fib level" you are right but if you look at the trend, bitcoin has gone beneath this level but bounced back up in a couple of minutes. This also tells us that this is a strong support. We still are able to finish the head and shoulders formation we have talked about in our previous posts. As always we will keep you guys updated.



DISCLAIMER :

We are not professional traders nor financial advisers. Please invest/trade at your own due diligence! You can't hold us responsible for losing money on trading signals we give you. You and you only take responsibility if you buy crypto and lost on these trades. So do your own research before buying. Our trading  signals are purely informational. 

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