BTCUSD - possible scenarios.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
If weak resistance line around 7400 will broke, next point is 5800 - 6100, strong resistance area .
Only very bad news can break this price and who knows what is the next stop. Many bitcoin players just waiting to a moment to buy
and some of them will hurry up with it, in this case we will see a positive dynamics, big buy volume increases chances to change price direction.
Any thoughts and comments is welcome.
Comment: Near resistance - breakout will be nice.
In idea description first line I mean:
"If weak support line around 7400 will broke, next point is 5800 - 6100, strong support area."
Good that another temporary support appear near 7900$, also some neutral and positive news comes.
Comment: Breakout ! Some hours to confirm.
Trade active: Bounced from the line. Good sign, testing new support.
Trade closed: target reached: Confirmed uptrend began.
Every chart predicting the downfall adds another pound of pressure on the market.. It's easy & convenient to post when BTC is bouncing off support, like the other 1000 posts in the last hour. Thanks for at least offering positive outlooks.
+1 Reply
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