BTC short-term long position idea to the 7600-7500 area.

BTC may have hit a bottom, price broke above a short term down trend line (yellow line), and is likely going to test the 7000 area (thin purple line), if it breaks above purple line, I expect the 7600-7500 area on orange line
The main trend is still down, but I see this movement going to up to test the 7600-7500 area.

Commentaire:

As expected price has met large resistance at the thin purple line.
If price fails to break the purple line soon, I expect fast downward movement to the low 6600 area.
If price successfully breaks the thin purple line, it will be on track to the 7500 area on orange line.

Commentaire:

Currently sitting at long-term downtrend line. A big decision will be made soon