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Gokic
Aug 27, 2019 2:31 PM

BITCOIN - Few days (weekend) to decide & 2 options 

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin is in the consolidation for more the 60 days now, but there is room for almost 30 days more... The price was jumping from $4800 wide range, last 10 days just in $500-1000... The end of the triangle (big one) is not far away so there will be some action in the near future.



In short term, now price must to go over $10200/300 otherwise it will fall back to the support line, don't know how much more this support will hold...
Bulls have a lot of work to do, if they wanna see higher prices...

Comment

For now following the purple line. But there was rejection fast...Breaking $10300 is crucial for continuing ... 4H RSI is in good position, but there is no Volume.
The price is too long in this range, that could trigger drop. Next few days it will be interesting :)

Comment

No weekend needed :) Let see know these lower levels...

Trade closed: target reached

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