aman12

Bearish market is going to end soon

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
As you can see from the chart that it all started from around the level 6800-7100, from there it went down a little bit and then it started the massive bull run in December, from the chart you can see the bearish trend in which it is collapsing, those lines are cutting around 6200 which is a mere possibility because it has a strong support at around 6800-7100 which will the last point till where it will fall which will be in coming 2-3 days and then it will start bull ride again in the region indicated in the chart.

This is only my analysis or opinion, not a financial advise.

Thanks,
highly disagree. 2-6k more likely
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aman12 zippi101
@zippi101, there are 2 pattern there if you can see, according to 1st it may go to around 4500, and according to second it may go to 6250. but there is a support level at around 7000. it just my view, lets see what happens :)
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