holmskau

Bitcoin sideways action

holmskau Updated   
BITFINEX:BTCUSD   Bitcoin
Going into a huge flag for now which determines which direction.

A close bellow blue line will trigger big selloff like back in early feb.
It will go really fast back up tho.

If it break to the upside of 4700 and stay there. It have to have volume or it wont move anywhere but down.

The red line which is next target is what I think Is the main trend that goes all the way back to the break of last bear run in 2015.

GL!
Comment:
Comment:
looks like the buy power is strong for now and the blue now green trend line is holding up.

Double bottom is formed and a close above 0.5 will make 786 target and retrace.
This might be a setup if the bounce on B happends.

Update coming in.
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