deanbyronbay

BITCOIN BTCUSD Down but not out

Long
BITSTAMP:BTCUSD   Bitcoin
Now that the daily candle has dropped below the purple Count Back Line (low of 3rd highest candle)
a breakdown is in play. Target is support line at $5000.
But bargain hunters count start buying up early at $5500 - to $5200
If everyone is waiting to buy it at $5000 - it probably won't get there - then FOMO will strike and it may bounce hard from $5200 and quickly regain all time highs and $10,000.
Meanwhile - BCash to hit $5,000
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