Oboogie

Just like Brazil, btc/usd is going down.

Oboogie Updated   
BITFINEX:BTCUSD   Bitcoin
I see that the bulls' impossibility to break out the resistance lines drawn in the chart are the reason why btc has just drop 70 bucks in the last five minutes. If bulls can't sustain that upside trend line this is over folks, we're going under 6.4k. I knew it, I don't know why choose to keep this long position open. Any help?
Comment:
Maybe I'm passed out munching NUtella as an idiot, but I don't see btc has a chance... se the trend like in the 15 minutes frame, and what we've got is that support has turned into resistance. Just like the great players in the soccer world cup, are useless. are they?
Comment:
i'm afraid the bulls did defend the trendline.. the candlestick closed above the line... I think its going up to 6.7 before moving to the downside. As for Brazil and soccer, they're lost.

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.