DragosAlexandru

Crucial moments for Bitcoin

BITFINEX:BTCUSD   Bitcoin
Hello friends. Bitcoin, the most important asset of crypto world now finds it self in a key place for short term trading. After barely breaking the blue bearish trend line we can see that it touched the yellow descending triangle and bounced back from it. Being between the 20 and 50 EMAs, a break above or beneath could be a oportunity for short term trade, but for me momentum seems more bearish, because RSI just bounced back from its last high point, where the price made the previous lower high. But if the price breakes up and there is volume, we could see a retest of the white trend line.
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