TradingView
FrederickDupont
Aug 26, 2019 11:33 PM

Bitcoin Is Really Near A Big Breakout ! 

Bitcoin / U.S. dollarBitstamp

Description

And the declining volume validating the consolidation and the triangle on bitcoin. It's honestly really hard to tell if we're gonna go up or down from there, but what i can say is we have good support around 8k and I don't think bitcoin will go under that level. Next big level of support is at 6k, if bitcoin goes under that the bear market isn't over. However i'm 95% sure we won't go under 6k. If bitcoin break out to the upside of the triangle, then we have to break the previous resistance around 14k to call the end of this correction and the continuation of the bull market.

Thanks for watching guys & stay tuned for more updates,

Fred
Comments
somebodywhohodls
Good call on this breakout. I wonder where we'll head from here. Hopefully some consolidation before a new breakout
More