Y0UNG

Bitcoin recovering but still under resistance

Y0UNG Updated   
BITFINEX:BTCUSD   Bitcoin
BTC/USD looks like it is recovering, but still very much in bear territory

Lots of short term nice shorts and longs to be made between the resistances and supports

Daily candle closing above 15000 and successful bounce off the last resistance maybe suggests a reversal and a bullish trend . But if it fails, 11500 or lower is possible.

BCH/BTC ratio seem to be going along with BTC/USD any decoupling may be worth watching if trading against BTC.
Comment:
Didin't break R2 last night, but broke first diagonal yellow support.
Could hit the next diagonal support.
Comment:
Impressive pump up to 15k, daily has to close above that level though
Comment:
Last diagonal support
Comment:
Looks like it may be a successful bounce off of R3 and the support; retest 15k
Comment:
Retest of 15k failed; last support broken... watch for horizontal supports
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