Forexblade

Bitcoin on daily rejection from bottom bolinger band

Long
BITSTAMP:BTCUSD   Bitcoin
This update on bitcoin.
Same setup everything intact to move forward 42-45 - on that level red resistance band. And if breaking through it the move will continue toward upper bolinger band on daily around 60.
The red resistance band band 42-45 will probably reject price for one more decline to the bottom bolinger before price will break through it.
On weekly price sitting in green support band and this is first time price decline to green weekly band after a year above it and first decline is always good opportunity to buy.
Today decline present better opportunity to accumulate bitcoin before it retest 42-45 and 60-65.

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