Jackrabbit_Trading

-BTC- THE HASH RIBBON IS FLASHING A BUY SIGNAL..!!

Long
BITSTAMP:BTCUSD   Bitcoin
-BTC update-

THE HASH RIBBON IS FLASHING A BUY signal…!!!!

BTC is in a critical area right now. Above we have the resistance of $9320 and as support there is $9100. If BTC breaks down throught the 4-1 line than we turn very bearish and BTC can go back potentially to $7200. If BTC breaks the $9320 there is potential to go to $9600 and test the multi year resistance again.
But as I’m writing this, The Hash Ribbon is flashing a buy. But just now when the Hash Ribbon flashing could this be THE SIGNAL and buy BTC. Just like you see at the chart that in the past The Hash Ribbon is a reliable indicator and a profitable indicator.

Also the cycle up trend is up this week till the 17th-19th of July.

Let me know what you guys think..!!

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