BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
What's up Traders!

We are very close to a psychological number - 8000$. As we can see from the chart the first break out attempt was unsuccessful. Bears stepped in producing nice bearish Pin OB with high volume . Market dropped down to a near-term support that is also another psychological number - 7000$. Then bulls bought it back aggressively and we are now really close to a bearish territory again!

This spot is really important to watch in our opinion. If bears win we would possibly get double top here if not then break out and retest would apply.

What are your ideas?

Are you bullish or bearish?

Enjoy the ride!

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Inside bar has been printed here so far. A fakey tomorrow would be a bearish signal to short it if it appears of course:)


As we mentioned before long entry would apply only if we break and retest that 8200$ level or it could be consider to take it from near-term support -7000$.


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