Technical Analysis BTC / USD

BTC seen from the temporality of 1W we can see how the current candlestick has tested the important supply zone located at 8215 indicated within the chart by the red horizontal color, coinciding with the diagonal resistance of the major figure, this was an expected movement to complete the WXY correction pattern, the price should now go in search of the weekly demand located within the range of 6200 – 6314 to form the point (Y).

BTC seen from the 1D time frame we can observe more closely the current candlestick movement where we see how the price has formed a high at 8158, this supply level has not been taken, therefore, we could still have some confirmation wick in that price before the price gives us a signal to continue falling, we have an important support located at 7629 indicated within the chart by the red horizontal, if for the moment the price does not take the supply today, we could see a rebound in that support looking for the supply level at 8158.

In conclusion, BTC has formed an important high under the resistance of this parallel channel, the 8215 has been tested correctly leaving us with a maximum at 8500, for now we should wait for the price to continue falling or form a LH under the diagonal resistance to have confirmation, while the price does not claim the level located at 8215 we can not expect the price to continue rising, Based on the WXY pattern, we should have a new entry in the range of 6200 – 6314 where the price would form a double floor as a reversal signal in key support and confirmation point (Y), therefore, I recommend following the 1D price action very closely and always remember to place your stop losses to avoid possible invalidations during the move.

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Congratulatory letter to Croatian president Zoran Milanović

The Free Republic of Liberland has the pleasure of sending the congratulatory letter to Zoran Milanović on his election. Read the official letter from the President below.

Dear Mister President, 

With your election to the Presidency of the Republic of Croatia, it is with great pleasure that I send you my warmest congratulations. I fully appreciate the magnitude of the challenges that you face and wish you every success in your new role.  


There is no doubt that his momentous election has been watched with much attention by the international community.  


It is my deep hope that our cooperation will be established, and I assure you of the support of the Free Republic of Liberland. I will be happy to build healthy relationships between our two countries. 


Please accept, Mister President the expression of my highest and most cordial consideration. 


Most Respectfully, 


Vit Jedlicka