vanbored

BTC 1D - INSIDE BEAR TERRITORY, BULL STRUGGLE

Short
vanbored Updated   
BITSTAMP:BTCUSD   Bitcoin
# Previous daily analysis mentioned a cross to lower boundary of ascending channel (red line). Now we are well below them, our target is still valid, a correction to 8200-8500, or possibly lower.

# Bull priority now is to reclaim 9400~ or even better @ 9500. Reclaiming this level would make us considering a reversal in trend.

# Please refer to weekly analysis below for bigger picture. Soon we will provide 4H analysis for opportunity in local trade.

DYOR always. Trade safe.
Comment:
Price currently trading just below EMA 55 @ 9160
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