tradingtomnl
Long

Bitcoin correction done

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This is not the first time that Bitcoin             retests it upward trendline (in red) and respects it. I Believe that from now we could see a further growth of bitcoin             . It is possible that if we break the uptrendline we could see a further downside somewhere around $8.000 There will be a strong support if that happens. But I am bullish again on the Bitcoin             from now.

Target (fibonacci) is around $24.000.

Fingers crossed that manipulation due news is done and everybody is on board and ready for a new ride up. I think after today we have confirmation if the trendline still will be respected and we take positions.
Comment: So we broke the trendline. The area wich is talked a lot about is now reached. The $8500/$8000 area. As we take a god look to the past we see there was a resistance in this area and so a big demand area. Good possibility we will see $7500,- now since this pair is a affected and traded by a lot of emotional traders. From there I think we may have seen the new low for now. But we will still wait for confirmation and a solid support before entering!
Comment: Good reaction by the $8000,- support! Big volume. This could be the turning point, bulls let's take control!
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