mayernetworks

We not going to break the trendline

Long
BITFINEX:BTCUSD   Bitcoin
Just my .02, but I don't think we are going to break the large trend line now. We are going to initially drop down to a .618 support line, then attack the trendline but ultimately fail. Then we are going to pop down to major support at about 6700, then have enough momentum to push us out of the large triangle.
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.