Chart is simple to read!
So BTC is under a 50 MA on a weekly time frame. No doubt, this is trend reversal.
If trend od 2014 continue, the movment of BTC, is gonna bi close to mine drawing.
The blue square is like a magnet, it is drawing BTC to a point of releef, so it can start to climb again.
What i have in alts, i will sel on a bouce. Range 82xx to...
Bitcoin, is in the cross roads. It bouce from 50 MA to the down side. Volume, is super low. If bulls can push price past the 50 MA, we can se a a rally to $11xx in 2 to 3 weeks. Or we can go down, to strong suport $72xx, if it brake thru in my opinion the last strong suport is $64xx. If that brakes, panic will set in and BTC can go freefall to $48xx.
BRD did small double botom.
1st wave done. Time for small correction.
Volume is icreasing slowly, so for now no big jumps, but it coud be a trend reversal on a small scale.
Lots of hipe around BRD airdrop, so it caud move in next days.
1st target 9500
2nd target 10500
Dave a nice day!