Boooooring… but we’re getting there :)

Boooooring… but we're getting there 🙂

Bitcoin / Dollar BITFINEX:BTCUSD

Hello everyone, may this day be profitable ! 🙂

Like I said in my previous analysis ( we are still inside that big triangle.
The candle yesterday was clearly a stop-hunt, what is strange is that it was on “both sides” so it’s more likely to produce an upward break but for the moment nothing is less sure.
I’m still thinking we will retest 4100-4250, that would complete the divergence and lead us to the next levels down.

This shows the bigger picture on the 12h chart. If you have balls of steel and good capital management you could try a little long from here with targets 4150-4200, as you can see, even the way up is really hard, we have the 50SMA (in red) as direct support and below it again the 200MA that should act as support if 50SMA doesn’t.

Anyway, the next few hours/days will be determining for the next weeks, maybe months for bitcoin so don’t miss the analysis 😉

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