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WES-T
Mar 9, 2020 10:14 AM

Bullish set up in place for bitcoin Long

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin sits on three different support lines that I think will hold. The yellow trend-line is a long term parallel trend channel connecting primary waves two & four going back to the low of 2015 & the low of 2018. The other support line is the green parallel containing the most recent correction in Bitcoin, price has exited the upper channel line then pulled back to retest it. And the third in white is just a basic support & resistance line. There are a couple of things to add but I will leave it there and wait to see what happens from here.
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