I think 6.600 is a strong support and it will hold very well. In case of break down the next level is 5.600.
As a short term evolution i think we are close to the bottom (or this could be the bottom) and during the break out we are going to have some bull traps.
Enjoy!
As a short term evolution i think we are close to the bottom (or this could be the bottom) and during the break out we are going to have some bull traps.
Enjoy!
Trade active:
The linear descending trend line was broken. Now it is the time of the logaritmic trend line to be broke. If it succed and will remain above we can see a bull run. However it seems that BTCUSD is finishing it's fuel so a retrace to the previously indicated 7.8k is still in site. On a weekly chart the BTCUSD graph looks very bullish.
Trade closed manually:
I will close this thread as i opened a new one here:
Enjoy!
Regards