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FxDollarZz
Jan 13, 2018 8:31 AM
BTC/USD - Bounce From Strong Demand Zone - Broke Downtrend Line
Long
BITFINEX:BTCUSD
240
Bitcoin / Dollar
Bitfinex
Description
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Jan 13, 2018 8:31 AM
Price bounced off of strong demand zone between $11,500 - $12,500, and broke the local downtrend line. Target is top of consolidation range, 18-19k, if we can break the triangle at 16k.
Triangle on daily chart:
Trend Analysis
Bitcoin (Cryptocurrency)
BTCUSD
Cryptocurrency
Comments
whoisthelorax
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Jan 13, 2018 10:37 PM
whoisthelorax
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Jan 13, 2018 10:35 PM
interesting, the downtrend channel still forming and intact on coinbase...
FxDollarZz
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Jan 14, 2018 1:19 AM
@whoisthelorax
, lots of resistance ahead, lets see if price can break through.
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