dasBoot

Testing support on BTC in the upward established channel

dasBoot Updated   
BITSTAMP:BTCUSD   Bitcoin
We are completing todays break out 7% BTC dominant and eye opening performance by a price retraction to establish a new floor from which to rise.

I believe we must make a clear and concise drive to around 70k or it will signal a retraction that could possibly bring us back new the high 30's low 40s

As it stands currently , we are starting to look like we are oversold and in need of some pullback but I would not enter into a short until I see confirmation of the bottom broken on support levels
Comment:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.