CRYPTANALYSIS - HOUSE VIEW ON KEY ALTCOINS

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52. TECHNICAL ANALYSIS: BTCUSD (Published: 26th Sep, 2017)
BTC/USD retraced to $3550 recently and rallied again. Volume is still low and it might lose momentum upon reaching the $4000 level. Traders can wait until the price breaks out $4000 with volume for a long trade. If the price cannot go as high as the previous local high at $4125, a head and shoulder can be formed and there will be a downward pressure on the price, which can drive it to below $3550.

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