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TradesafariSocial
Jan 16, 2020 1:43 PM

Is Bitcoin in a new uptrend ? 

Bitcoin / TetherUSBinance

Description

There are quite a few signs that Bitcoin can continue, it has regained trading above EQ of the two most extreme high and low after struggling to bounce from the golden pocket area. It is possible the deviation resulted from a mixture of accumulation and trend reversal, from the 6400 range. After that it has broken a few resistances and is now in the top half of the most extreme down channel possible to draw, it can top here, yes it is possible, but i believe it won't. After more than 6 months of selling, this reversal is not going to be easy, but i see signs it can continue and also signs of a new up channel.

Good luck.
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