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SaeidKarimzadeh

Decision time for BTC

Corto
Bitcoin (BITSTAMP:BTCUSD)  
SaeidKarimzadeh Actualizado   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Technical Indicators
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trendanalysis indicator
I am leaning towards btc to break down.

- watch the 50 Monthly ma which is around 5k-5.5k Expect a Sharpe bounce there.
- Strong support in the Green box area

Comentarios:
snapshot
Looking at the Monthly support resistance action around 9.7k for the past 2 years on BTC. its amazing.
For the last 2 months of Feb & Jan we can clearly notice a rejection on this level .
Comentarios:
A bullish case for BTC would require it to break and Hold above 9.7K on a Monthly time frame which would coincide with the Break of the Downward red trend line.

It is definitely exciting times for BTC.
Comentarios:
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