calvin_hobbes
Long

BTCUSD 1D Will it break the line?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
AS you can see 1D chart is kind of showing us an uptrend is in question. I believe if BTC can break the orange line ahead then we can confirm the uptrend. This is true if the price goes back to 7.5K. Corrections within those upper and lower two lines will still be legitimate. Although 1 month doesn't look that promising I would not be surprised if that also turns turns around. We have seen all happening.
So hopefully this is the end of the down trend and we can look ahead. In this large path (I know it covers a large price range) we can see the price reaching up to 20K by 8/5/18. While the lower line can only promise a minimum of 9.5K by the same date.
This is just an estimate please do your own research and invest wisely.
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