SonicDeejay

BTC/USD (A move toward $8,000 shall unfold soon,but wait for it)

Long
SonicDeejay Updated   
COINBASE:BTCUSD   Bitcoin
BTC/USD

We are in the deep strong bear trend since the start of 2018 and it has been 6 months.
We are nearing yet again to the strong support level of $5,800.

I am expecting it shall support well near $5,000 and it may be a good time for a relief rally toward $8000-$10,000.
Firstly, we need to see a strong price action of bullishness to start with.


I have to say that the long-term (6 months horizon is still down).

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s0nic



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Comment:
BTC/USD

We are in the make or break condition. 5,800 region will not/shall not be take out taken out easily as the last 2 times, were met with rebound.

Now what we need is a strong reversal candle to firm the pull back. Wait for it if you wanna long.


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Sonic


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