Get started
SaeidKarimzadeh

Decision time for BTC

Short
Bitcoin (BITSTAMP:BTCUSD)  
SaeidKarimzadeh Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Technical Indicators
17
0
trendanalysis indicator
I am leaning towards btc to break down.

- watch the 50 Monthly ma which is around 5k-5.5k Expect a Sharpe bounce there.
- Strong support in the Green box area

Comment:
snapshot
Looking at the Monthly support resistance action around 9.7k for the past 2 years on BTC. its amazing.
For the last 2 months of Feb & Jan we can clearly notice a rejection on this level .
Comment:
A bullish case for BTC would require it to break and Hold above 9.7K on a Monthly time frame which would coincide with the Break of the Downward red trend line.

It is definitely exciting times for BTC.
Comment:
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.