BTC - the next stop is a double bottom

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Same situation like before. History repeat and thats it.
See MACD . Who needs more.
Supports lvls 7200-6000.
6000 - double bottom!

Have a lucky trading guys!
Comment: We have to close below the strong resistance cloud at 8500.
Comment: MACD 30m is bearish. We shall see what happens.

Comment: Also we can see in 5m frame a bull flag formation.

Comment: If we break 9900 next strong resistance is 10200.
Comment: Fractals.

Comment: Range change.

Comment: Ok, we have reached that point of range and now consolidation.

Comment: Triangle formation. What direction will he choose ?
I think downward breakout is more possible in this case.

MACD timeframes 30m,1H,1D signalize a bearish trend.

Comment: The first stop can be at 8200 and then 7500.

Comment: Ok, we got it and now consolidation again.

Comment: Next support target 7200.
Comment: Loose flag maybe.

Comment: On the chart above we can see ascending broadening wedge.
Comment: Bearish div in 1H TF.

Comment: Bearish div 15m.
I expect bounce from MA 200.

Comment: Comment: Next support 8200 then 7900.
If we can close below 7900 1H candle that should be activate super bearish signal.
Keep eye on it!

watching this very closely. Thanks.
elldo atricoz
@atricoz, You're welcome buddy.
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