Bitcoin continuation of long trend or selloff?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
212 0
BTCUSD broke the uptrend. Normally after a trend is broken, the price retests the trend to sell more later.
So bitcoin is facing a heavy resistance zone , where if your are long, its a good idea to take profits. BTCUSD needs some heavy volume and momentum to break that resistance zone .
The resistance zone has to be watched closely. Either for short entry or taking profits.

If the price is just retesting the trend break a heavy drop to 2800$ in a sort of black swan event ist possible. Remember to adjust your stops. Good trading everybody!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out