ttubes
Long

LONG BTC - Upper Resistance/Lower Support Trend Lines

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I've seen a lot of talk about BTC breaking through our major support, around the $6,000 region. Although, I do agree with this statement, just not to the extent of which some are predicting. I've been following these specific trend lines for quite a while. Now, of course, being the perma-bull I am, I am making a LONG call as expected. Our bullishly diverging RSI against the stable down trend in price was a clear indication of this run we are currently experiencing. The question is, do we have enough momentum to break through the $6,600 resistance line to continue, or will we fall back into our bear market, leading to a ~$5,500 BTC?
Comment: Correction: leading to a ~$5,500 BTC?

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I think both is possible, it also looks a bit like March 24 with one last leg down, but not sure. Originally I had 5.1-5.5k in mind but that would be the lowest point.
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ttubes Tim0686
@Tim0686, only time will tell!
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