iamiyaranjan

Bear Run End is Near.....Bitcoin

iamiyaranjan Updated   
BITFINEX:BTCUSD   Bitcoin
Now a days btc is going to sideways, not so much movement.
BTC 1D Chart looks like a forming a triangle, which is going to end..
We may see price of the bitcoin heading towards $7300-$7400 in 1-2 weeks, then a slow decline to around the $5,950-5,850 range .

$5700-$5850 IS STRONG very Support we all know that,
There is a support trendline , which meets near the end of the triangle ,
From this level i can expect starting of a bullish rally.

BTC Dominance increases gradually, so i don't think that the price breaks the $5700 support.

4Hr Chart looks bullish



THIS IS NOT THE END,... This is Just Beginning..


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Comment:
There is a small resistance at $7000, once it breaks then we see the next move towards $7300-$7400
Comment:
Comment:
Comment:
markket unable to break the $7150 level and dumped hard..
Currently sitting at $6800 support, if it breaks the next stop will be $6500
Trade closed: target reached:

price exactly drop from $7385 resistance,
Now holding at $6300 support

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