Number7trader

BTCUSD following ou route for now, what's next

Largo
BITFINEX:BTCUSD   Bitcoin
In previous analysis i wrote that we had support at 45k and if we broke 49k we would see 52k. That did happen and for now at resistance at 52k. Price keeps following our support trendline. For now what first was resistance becomes support afterwords. Firts support lies at 50k, below we have 46k as next support, i consider this one as a major support now. Breaking that support would also break our support trendline wich could point for a deeper correction. It has to pop sometime.. who nows when.. don't care just follow the trend, it's you're best friend..
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