BITCOIN PULLBACK ON THE WAY for BITSTAMP:BTCUSD by Aitvaras007

trendanalysis beyondta chartpattern bitcoin cryptocurrency

It seems that BTCUSD is on the way down to 3500 support area. Even if it breaks up the buyers seem to lack the interest and strong motive to proceed with blind buying we have seen several weeks lately. I would wait for BTCUSD to break current support at 3900 and then slide down to 3500. Only there I am going to establish long positions confirmed by bulls actions.

https://www.tradingview.com/chart/rWBYXwxD/

Comment:

I just love that panic selling. It could be that the dip down to 3600 was enough for another buying pressure to come up. Let's wait and look for the confirmation.

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