Wolfye82

Bitcoin evolution over the next 30 days.

Wolfye82 Updated   
BITFINEX:BTCUSD   Bitcoin
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!
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.
Comment:
30 days have passed. As we went higher than previously indicated let’s see if 7.800 remains as support or is now 8.200 - 8.300.
Regards
Trade closed manually:
I will close this thread as i opened a new one here: Enjoy!
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