Bitcoin Market Review

Price bounced from 1850.00 level and came back above MA100. RSI confirmed price reversal. We got a reversal signal and a new buy opportunity. MACD confirms upward movement and now we can talk about a renewal of the up trend. But there are 2 very important thing we have to take into consideration. The 1st one is the downtred line which can stop and reverse the market. If price can break this line and move higher, we'll have a confirmation for upward movement. But if price reverses from the downtrend line, probably we'll see downward movement to MA100 one more time. So, we should watch closely for price action near this important line. The 2nd thing is Segwit. This event makes the markets unpredictable and probably we'll see new lows within these weeks. That's why we must be careful with all trades. We can add new volume to our long trades buying on these levels. But we must buy small volume . If the markets drop to new lows, we'll get new trading opportunities for building our long positions in long term.
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You saved my money bro (y)
I believe its forming negative head n shoulders at 50% fib resistance after exactly touching the longterm downtrend so we will see 61% support test if fails then it will go for new low...if bounces from 61% then sure it will break the downtrend
good job sir ....
BIP 91 locked in.


Two days till activation now.
xVICx phil.steuerwald
@phil.steuerwald, correct me if I'm wrong but according to this site https://coin.dance/blocks (have a look , they are stating that "BIP 91 is currently not projected to lock in during this period"
@xVICx, Take a look at the site now. They are currently projected to lock-in.
excellent analysis, thanks!
Good Job :)
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