HackneyCrypto

XBT (BTC) USD Weekly Long Term Trend (is Long!!)

Long
KRAKEN:BTCUSD   Bitcoin
When all is said and done, BTC is returning back to the support level it was at back in 2016 & 2017 (black line). If BTC respects this level in 2018 then it will drop and recover at 2200-2500. This is also a level where BTC found allot of support/resistance May-July 2017 (yellow line) before the big leg up to 20000. This creates a long term level of confluence which makes it a very strong level.

This my friends will be a screaming buy once the technicals confirm the price is holding.

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