Alanmartinezh

POSSIBLE TREND REVERSAL...LIGHT AT THE END OF THE TUNNEL_

Long
BITSTAMP:BTCUSD   Bitcoin
As we see, we have not broken the downtrend, we had a false breakout and now we are on full bear market mode since bear flag confirmation, MACD is not confirmed yet, but if we see a clear cross in the next 2/3 days we could break the bear channel once again, possible entering a new bull market with hight ressitance levels at around 11,700.
If we break support we can see a further correction in price possibly reching 6k once again.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.