If trend-line support breaks - 5k scenario likely

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
If we see a daily candle close in the yellow neutral-zone area, the 5k scenario becomes more likeley, as the next major trend-line support must then be tested - this would represent a long-term buy opportunity, for the eventual return to 10k levels.

alternatively we could see this support hold at 8k - and a break of the green trend-line resistance would indicate bullish reversal. (this would need to occur within the next 5 days for this to be possible, so we do not have muuch longer to wait.)

i will update this publication as the TA developes.

Best of luck!

Related Ideas

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out