brianmichaelf

Don't be Fooled by Today's Gains, still Bearish

BITFINEX:BTCUSD   Bitcoin
BTCUSD is enjoing a nice run today, but don't be fooled, until we break that resistance line we're still in bearish territory. I'm thinking it comes down to the $7,000 rage at somepoint, maybe in the next 30-45 days.

If it breaks that lt trend line, maybe the run is over, but for now, we're still hibernating.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.