davidtrading50

davidtrading50

BTC/USD log chart. Bitcoin is one more time at a critical point right now. We never closed a daily candle under this log trend line since a year. Even if we broke it, we always came back and closed above it. We've got 0.618 fib retracement just under it so hopefully it should hold it and we might come back before the end of the day if we break it one more time.

davidtrading50 Updated 

Looking at the daily chart , we can see that Bitcoin -4.52% is clearly following the triangle I draw and we are approching to the end. We will know very soon if the bulls or the bears will win the war. At the moment we don't want to be in the market and we are waiting for a break out with big volumes to take a position. In red, blue and purple you can see the...