BrandonF515

Bitcoin Has to make a decision

Long
BITFINEX:BTCUSD   Bitcoin
So Bitcoin has to hold this TL on the log scale dating back from Sept 2016 else I am still favoring shorts. If buyers steps in and defend this area $7600 then we could see a inverted H&S forming with a projected target at $16000 area.

Good Luck
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.