YorkTrader

The only analysis you need for a long term BTC HODL

Long
BITSTAMP:BTCUSD   Bitcoin
As can be seen on the attached chart, on the 5th of November 2018 Bitcoin plummeted upon breaking a significant trend line and support level. It then found a fresh level of support earlier this year in January, from which it has steadily climbed until meeting a resistence level over the past month. To me, this is a text book break and retest, and I expect Bitcoin to shake out the bulls for the next few months until reaching the support level it bounced from earlier this year. Await for price action confirmation before jumping in!
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