Bitcoin Reversal entry zone

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello traders,

Mr. TTT here, and what a week it has been...When everyone was waiting for a bull run in the market, the Biance news, the big BTC selloff strike us and the FUD comes strong. So what can we do?

Offcoure the first thing to do is not to panic! The market has suffered from very frequent FUD, but as you know, after the winter, comes spring.

So lets start..

As we can see in the daily chart , we are right now about to cross down the 200 MA line, and if we close this candle down, the is not much support until the blue zone.

We are still trading in the big BTC channel, and if we go down we sould hit the bottom of the channel around the 6800 sats zone.

For now, lets wait, and if we go down this zone will be def. a good buy in point.

Thats all for now fellas, i will be updating this chart soon when we hit the 10 likes.

This is my point of view, do you agree?

Your man here,

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