Makubekz

50week MA Last Barrier for Bulls

Long
BITFINEX:BTCUSD   Bitcoin
Hi guys im new here and just want to share whats on my mind. In July 2015 BTC hit the 50MA on the weekly and it was not able to close above. What happened next was the final dip before it tried again and was able to close above which started the bull market. Also take a look the RSI it's similar. I think we're gonna hit 5800-6000 and will be rejected and the final bottom would be 4200 which is a resistance turned support from the ascending triangle pattern.
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