crypto-start

BTC Short Term Idea

COINBASE:BTCUSD   Bitcoin
Bitcoin made a big Bearish Flag pattern from half way June till about September. We broke out to the downside and after a short periode of upside we are in a consolidation phase for weeks now. We retested the $18500 level several times and could claim it. Still we are in unknown waters and we have 2 options. We broke out of the daily trendline to the upside and made a retest on it. after that we are moving sideways. Normally this retest on the trendline is positive but we need a real booster which brings us above the $20.500 level an stay above it. After that we can see a move in the direction of $27.000-28.000 where we will find resistance again. When we break out to the downside we could see $16.500-12.400

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