Ma_Rk_

BITCOIN shoot on the downside

BITSTAMP:BTCUSD   Bitcoin
As probably many expected bitcoin has retraced into a very nice support level that suggests a possible buy.

From this level let's start watching for formations to the upside.
Here at LGE we are expecting the price to push well below the daily 200 MA before to start the next bull run.

note:
The picture is showing the weekly timeframe
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.