What will happen with bitcoin in the short term? - Big dance.

Bitcoin is looking for a support right now, and I think this one might be very strong here as we have a few ideas that converge there, between 7444 and 7474 - Fibs from the last rallys, my lovely 42MA and even a cute trendline that many people is looking at.

I would love to add more indicators on TV, but I have to deal with BitMEX's which is a bit worse for some kind of things. In a more detailed view for the 30m you can look here:

Happy trading everyone, and long live our financial and political revolution!

Comment:

We confirmed the bounce from the support I was talking about. Now we need to get out of 7840-7823 (depends how long it take) to play the bullish. If we break 7876 we are going to 8161 (at least) and 8.3k max.

·30m

·1H

Comment:

12 and 26 EMA about to cross in the 1H timeframe, this might get nasty. I can smell bears fur getting burnt