caimano
Short

Going to 7300? For sure all traders just talk about that....

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
ABC correction is almost done. The downtrend is also exhasuted, but 2 things need to be kept in consideration:

1)On tha log scale chart the 7.3K level going to break the historical uptrendline and this is not good on the larger picture

2) The bounce from this level will just keep BTC inside the area of the triangle and I personally think that it's too early to say "MOON"

We still break with decision and big volume the triangle to start to feel the bullish energy in our body.
Recenlty the trust in BTC is very very low, even lower than last year at the same time, people, other than traders, forgot what Bitcoin is and how it works (check google trends), we need desperately their money back otherwise 2018 will be the slow death of BTC and all the Altcoins that are almost to 0 at the current Marketcap...

The overall picture is not great but could become great in a couple of month if, after breaking the triangle, we will start for a strong bull run like 2017....

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