SteveEnnom

BTC broke the downtrend

Long
SteveEnnom Mis à jour   
BITFINEX:BTCUSD   Bitcoin
Bitcoin just broke the bear trend and is currently increasing in value. Volumes seems to support such a breakout with trend reversion.

If we check moving averages too we can see that the 50-200EMA are crossing once again signalling a trend reversal from bear to bull. I know, the cross is not completely defined and assuming a long position is risky.

I think a possible first resistance level to test will be around 12070.

As usual, this is not a trading advice, merely my idea.
Commentaire:
Just a side note...as I said in my previous posts: We are in a completely different phase of the bubble than we were thinking. Fun is yet to come!
Commentaire:
Well, I was wrong about the bull trend!

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