Rezaervin

Rezaervin

Eyes on the chart, while the Bulls open long position and they hope that the dip is set to be bounced, the Bears look for a short position in the case of potent area breakthrough.

Rezaervin

There's always been a simple explanation for this lovely creature's movement. The price probably uplift toward $52k as draw in the chart.

Rezaervin

I am looking forward to open an equation whether short or long. Only if the bulls crash the midline of the channel I go for long and I am going to take a short if it reverses from this area.

Rezaervin

If the bulls will success to break this red line, then go long, otherwise take a short position at the fail breakout.

Rezaervin

Watch out guys, a huge bearish divergence shows a dump is going to kill many.

Rezaervin

If price crash the strong support we might be able to see the price near $14K. Another scenario would be bounced from this support and carry on for an ATH.

Rezaervin

Please comment your idea bellow.

Rezaervin

Bulls are going to break the top line of the bullish channel

Rezaervin

Bitcoin's uptrend is about to carry on. Only if the trend line breaks we may look for a scalping-short(the yellow rectangle). Be careful and use tight stop loss for any position.

Rezaervin

Bulls are more likely onset a rally to the top of the bullish channel. The yellow rectangle is a strong fibo and pivot support area and the price was bounced from this area.

Rezaervin

Bulls seem close to break the intense resistance(yellow rectangle) to get above $16k.

Rezaervin

Due to the increasing the bitcoin hash rate over the course of two last days, it is more likely the price breaks 16k level soon.

Rezaervin

It seems many retail traders gaze at the news rather than taking a look at the chart. In my point of view, bulls get back soon.