Ibraar

BITCOIN BIG PICTURE #3

Long
BITSTAMP:BTCUSD   Bitcoin
We are currently in the main resistance zone since we broke the 6k, that goes from 4.2K till 2.9K. Price is holding well after the tremendous dump, we could see a last drop to 2.9K to trap some more shorts down there, but after that we should see a bounce to 5.4k$ zone to take all the liquidity acumulated up there. And once liquidity is taken, my main idea is that a last big fall will come to the 2k$ zone, leaving a huge spike and pure capitulation, needed to reverse the market. All info in the chart.


Good luck.
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