BTC Chart Update - Maxime Desalle - 02/04/18

Hello dear traders,

I hope you are doing well!

Current support is located at 7800 $. There is a resistance at 7100 $. The MACD is looking good. The RSI could be better. In my opinion, Bitcoin will go down in the following hours. Sadly enough, I can't say to which price because, at the moment, the market doesn't care a lot about supports and resistances. Why do I think that? It's very simple, like you can see on the MACD volume, there is an M-pattern. I indicated in the past other M-patterns and they always precede big drops. That's why I'm not bullish on Bitcoin for the moment.

Thank for your support,

Maxime Desalle