fairplay47

Bitcoin Bulls&Bears scenario

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
As You see on my chart, I marked channels of price action. I believe that if bulls will take advantage and brake yellow line we might retest 14000$ resistance. If we move further to 15000$ altcoins may follow. Otherwise if Bears will pull us back to retesting support 10500 or 9500. I think retesting support might bring to Bear dominance. Still its good opportunity to easy trades if we buy at 9500-10500$ levels with a sell order at 11777$
Stochastic indicates oversold, so hopefully we can brake YELLOW line.

Please comment Your point of view.
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