I had said in my previous post that the trend channel that BITCOIN is inside doesn't seem that strong. It could breakdown anytime.
But now bitcoin seems to be testing the bottom, twice, thus creating a double bottom at a key support from the bottom of the trendline.
Looks like it's gonna head a little more on the upside, before the big fall comes out.
I really think that this is another bull trap, like BITCOIN is slowly struggling to pick itself up, trying but failing to create enough momentum to explode. And that will come in the form of frustration selling
But, for now, looks like it's heading up again to retest the trendlines of the channel it has found itself in.
BITCOIN breaks down from flag, to test the bottom of the trend channel. Looks like it's on its way up again. stop losses below trendline @ 9380 level.
Also, MACD is nearing a bullish cross
Target 1: 9800
Target 2: 10150
Target 3: 10685
Target 4: 11150
A downward breakout below 9400, with high volume, is a really good opportunity to short.
Good luck trading!
//This info is not recommendation to buy or sell. it is merely for informational purposes//
But now bitcoin seems to be testing the bottom, twice, thus creating a double bottom at a key support from the bottom of the trendline.
Looks like it's gonna head a little more on the upside, before the big fall comes out.
I really think that this is another bull trap, like BITCOIN is slowly struggling to pick itself up, trying but failing to create enough momentum to explode. And that will come in the form of frustration selling
But, for now, looks like it's heading up again to retest the trendlines of the channel it has found itself in.
BITCOIN breaks down from flag, to test the bottom of the trend channel. Looks like it's on its way up again. stop losses below trendline @ 9380 level.
Also, MACD is nearing a bullish cross
Target 1: 9800
Target 2: 10150
Target 3: 10685
Target 4: 11150
A downward breakout below 9400, with high volume, is a really good opportunity to short.
Good luck trading!
//This info is not recommendation to buy or sell. it is merely for informational purposes//