BTCUSD (Bitcoin & Ethereum) TWIN ENGINE FAILURE!
Bitcoin VS Ethereum 6-Hour Bars, Normal Scaling, 06/25/18, Written 8:35 a.m. EST, by Mike Mansfield
BTCUSD is on Andrews Pitchfork support while below a major trend-line. Expect another bounce and rejection at blue trne-line of $6905, or possibly to $7405, the red Median line. Closing below $5400 = 3850 to 2774.
See our prior post with a DL A.I. link shown here also.
ETHUSD also tagged critical trend-line support, while almost in the APEX of this wedge. Breaking last week's high around $537, depending on exchange (say $541 to maybe 549 be safe) should launch ETH to $780-880. Closing below $381 could be cruising to $222.
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Cheers!
Michael Mansfield CIO
BTCUSD is on Andrews Pitchfork support while below a major trend-line. Expect another bounce and rejection at blue trne-line of $6905, or possibly to $7405, the red Median line. Closing below $5400 = 3850 to 2774.
See our prior post with a DL A.I. link shown here also.
ETHUSD also tagged critical trend-line support, while almost in the APEX of this wedge. Breaking last week's high around $537, depending on exchange (say $541 to maybe 549 be safe) should launch ETH to $780-880. Closing below $381 could be cruising to $222.
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Cheers!
Michael Mansfield CIO