GoldBands

Bitcoin Falls to Trendline as Expected

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC hit the upward slopping trendline @ 7190 as expected. Now, if that trendline line doesn't hold, then look for a continuation downward to the 2 support zones, labelled 1 and 2.

The bulls are looking for price to move up sharpley as it did on Feb 6 of this year but it may move sideways for a bit as it did after the 9/15/17 low.

If price does move up, monitor the reaction at support zones A and B and see if they become resistance.

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Disclaimer: This post is for educational purposes only. Trading is at your own risk.
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