Bitcoin is sitting right on support. If it holds the risk reward back up to resistance in the 5Ks is very good. Next support is down to around 1800.
Note
Bitfinex might spark a liquidity crisis. Currently there are no coins left to short on their platform. Lots of other exchanges use their short positions to hedge. This could be massacre for shorts.Trade closed: target reached
Looks like the downtrend line has actually broken. Good sign bitcoin is back in an uptrend!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.