Eur0pa

BTC Trend Sqeezed

BITFINEX:BTCUSD   Bitcoin
BTC Squeezed in a narrow area. It bounces from every little support and resistance levels. From this moment it is not possible to guess whether it will break up or down. I believe the downward trend is not finished yet but also I am cautious about a break upwards from the channel. Lets see what will happen. Very risky to stay long at this point even it easily can bounce upwards. We have to reach the main trend line to complete the correction before we can talk about a healty position.
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