As we all know, bitcoin has finally broken out of the main channel. But does this mean we are finally out of the bull-market? Here is my opinion. I think we will have to retest the 200MA. If this mayor resistance is broken, we can finally talk about a real BULL-MARKET. In the short term, we will see the price rise to 8800. Like = Agree!!
The price is most likely to breakout in a bullish way, so if you want to trade this you can put an entry at 0.20500 with a stoploss at 0.20200. Be carefull and renember to use a stop-loss!! Like= Support
The 200-MA will provide a support.
As many say bitcoin has fallen 3% due the speech of Trump about the war with Iran, the real reason is that we got rejected from the 20-week MA. On macro-level these are very important indicators. In the past The 20-MA has rejected the price several times until we got supported by the 200-Week MA. If you agree, leave a like!
Shopify is moving side-ways between 2 support/resistance lines
If we have a closed candle under 314 -> SHORT