Boonado16

BTC/USD for a double bottom

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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I drew this chart on 19 March... like many i did hope to see $BTC break back into the 10K+ region, but volume have been weak and it couldn't break the 9.1k resistance. At the moment with USA and China engaged with some unpleasantries of trade war, BTC shall follow trend and hit the bottom channel line, if it pierces thru the channel, we should see a lower low at the next fib support of $6.6K for a double bottom before we see any hope of an rebound back to 8K+.

I will set my buy orders at 7.1K and 6.6K... godspeed.
I'm setting my buy order at 3k.
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