#bitcoin close up intra day look-in 2hr chart update

#bitcoin close up intra day look-in 2hr chart update

Bitcoin / Dollar BITFINEX:BTCUSD


Insight again into how bitcoin             -0.92% holding up. Three of the red horizontal lines relate to day opening/closing prices.

Waiting to update day chart with some big volume move or confirmation of fractal high which should happen at close today 5th June. I’ve cautiously added some downward sloping diagonal trend lines as I think they will have greater significance now the fractal high that I was waiting for is close to being confirmed. Any move above those diagonal trend lines should also confirm a fractal low beneath (based on last couple of pattern stats). I’ve also added some horizontal fib, retracements in turquoise (light blue) between H. $8,644 and L. $7,040 i.e. 62, 50, 38. as I think a close above them would add significance should the above happen.

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