Analysis, current status and outlook for Bitcoin

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
In this simple chart I´d like to share with you guys the price movement of BTC since early 2017. As you can see there is a forming channel where BTC is constantly moving. exception has been december 2017 (FOMO hype). We are back in the channel and in my opinion BTC is still very bullish and we saw the floor last week.

::This information is not a recommendation to buy or sell. It is to be used for educational purposes only::

best regards and good luck trading everyone!! :)


This is exactly similar to 1999/2000 Nasdaq chart...same channel was formed before another 50% drop! so its a dead cat bounce
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