Monsi

BTC/USD - Bullish or bearish?!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
What up folks!
We' are having a pretty interesting time in the crypto market right now.
On the one-day-charts it's hard to tell where bitcoin is heading, one thing is for sure though, we will break one of the two trend lines (red - resistance; green - support) pretty soon.
When we break bearish we may go down to 3200 USD or just see a double bottum at 6000 USD.
If we break out bullish , there are several more resistance line to break though till the we' ll reach the 20k USD again.
Yesterday we were close breaking through the 200'day-MA, but today there was just not enough volume for that.
If the 50'day-MA goes under the 200'day-MA, it's one more bearish sign to look at.

As always, just invest what your also willing to lose and keep your stop-losses tight.
Peace out! - Monsi
Its more like BSish most of the time.
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@airatru, haha
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