Bitcoin/USD - Double bottom increasing chances of rise for BITFINEX:BTCUSD by hiddenpablo

Bitcoin/USD - Double bottom increasing chances of rise

We already had 50% retracement of whole impulsive upward move from 6.5k, also we came back to the previous channel and bounced from its bottom. On 1h, 2h, 4h intervals we have Hammer candles formations which are bullish signs and my led us above the solid red line from where we have big chances to crash yellow line. This scenario has bigger chances for me considering all above. However if we will not have enough power to crash the red line, the we most possible fall to at least 8k.

Note

Now we have to stay above the red line :)

Trade closed: target reached

Target reached, now I have to draw next chart....

hiddenpablo

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Bitcoin/USD -Bottom of current drop might be now or close to $8k

by hiddenpablo

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