BTC update 17th July

BTC now trading around 6725. As we told you guys the inverse head and shoulders formation came trough. Now bitcoin needs to break the resistance ranging from 6700 to 6800. By breaking this resistance we will see 7000 and higher. If bulls fail to break this resistance the worst case scenario (looking at the fib levels 61.8) would be a retracement back to 6350. These both scenarios will depend on the volume flowing in to the market these days. It is very hard to tell what will happen, there are little to no indicators for what will happen, the only thing is that after a inverse head and shoulders formation we usually have a run up. To be sure always use a stop loss!



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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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