BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The price has broken down the bearish trendline represented in red colour, generating a strong bullish impulse and then starting a lateralization phase. At the moment it is racing the resistence and if it broke the resistence down a bullish movement with a target of 11,000 USD might happen. However, pay attention to the negative divergence between the price and the R.S.I. that is a sign of weakness of the price. If the support at 10,000 USD of the lateralization area was broken down, a further retracement at about 9,800 USD might happen.
Trade closed: target reached
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