Macro_Nakamoto

Decision time for BTC - Neutral

BITTREX:BTCUSDT   Bitcoin / Tether
2017 support line still active and we bounced 2x times off. Therefore we are still bullish long term. Descending triangle bottom line can be support but not sure if it will if we close some candles under the 2017 trendline.

Most likely scenarios are we continue to be bullish and break out upwards of the triangle to continue a run to 13-15k following by a bigger correction.

Reentry targets if 2017 support breaks are 8300, 7600, 5500.

Trade safe!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.