Bitcoin technical analysis (BTCUSD)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello everyone,

In this bitcoin chart you can see parallel channel down perform right now,
already hit support line and our support zone 9000-9100 next target resistance line around 11300-11450$

If break this resistance line then our next target previous resistance 13350-13850,

If successfully break this resistance so we will see bitcoin price rally and next target 15900-16900 as well,

You know very well it's all about depand on probability so if rejected 11300-11400 then also have chance price will be down again and we'll see next lower-low (LL) around 8200$

If you'll see 3d chart so you can see as well bullish flag pattern waiting for confirmation and if successfully break upside so soon price will be boom and you'll see above 15000$

So wait and watch next price action.

Our previous success analysis:

Legal disclaimer: I am not a financial advisor, You trade at your own risk and nobody can guarantee you results.

Global Rashid
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