PolarHusk

BTC/USD (Retest Trendline Support?)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
💎Technical Analysis Summary💎



BTC /USD


-Bitcoin faces another rejection at the flat resistance zone
-The price is likely to retest its upward trendline of support
-The trendline support is a confluence of the 50D MA area
-If the Bulls will repeat the recent bounce at support trendline
-Then, this bullish ascending triangle will increase its probability
-We might see a break above the 61k dollars soon
-But if the 50D MA and trendline support fails
-A test to the 50k dollars region might be on the card
-Please be cautious at the moment
-Make sure to plan your next trade



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Comments

Hello, very good idea
Thank you!
+1 Reply
good job polar has same view
+1 Reply
Thank you
+1 Reply
Thanks for sharing, Same view!
+1 Reply
thanks for update dear
+1 Reply

this is my idea as well
+1 Reply
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