CrypTedor

Bitcoin, Support & New Uptrend Analysis

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
After a pretty strong Bounce on our Second Interesting Spot, yesterday, Bitcoin rejected the long-term Strong Resistance Area. The Bearish Movement isn't actually that Strong and Volume is in the range.
After the breakdown of the short-term previous Support (red area -> now Resistance) and the short-term Bullish Trendline (Blue line), it seems ready to also test the short-term Support (Green area) that may act as a new Bounce Spot.
If this level will break down, there is again the Second Possible Inversion Area.

Sky is not the Limit

The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.
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