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eindhovenfinest

BTC in downward trend, will it reverse?

Long
Bitcoin (KRAKEN:BTCUSD)  
eindhovenfinest Aggiornato   
KRAKEN:BTCUSD   Bitcoin
Trend Analysis xbtusdlong XBTUSD
5
0
trendanalysis xbtusdlong xbtusd
BTC in downward trend but can reject from 200MA. Went unexpectedly through golden cross but seeing the 200MA as support from now on.
Commento:
CME Gap is at approx 8600, this normally gets filled… So more downtrend for now
Trade attivo:
Broke through the 200MA, could go to low as 7200
Commento:
If closing a daily candle below the 50MA I will get more bearish. Deathcross also coming up. This could get so low as the bottom of the downward channel (approx 5000)
Commento:
The breakout seems legit. Still not sure if this is the final pump
Trade attivo:
Apparently not, think this was the final drop... Get in while you can ;-)
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