A pivoting moment?
The dump at 23.00 GMT made bitcoin break out of its long upward channel and bounced of a long term trendline that was broken earlier to reach 1074$ resistance. Price action is now bouncing up and down this triangle making lower highs and lower lows.
I go long if bitcoin breaks this triangle upward and makes a higher high. It will then also have to break the 1074$ in order to reach ATH once more.
I'll go short if bitcoin breaks this triangle downward, we might see 1008$ region or even the $950 region depending on the panic sales. After this dump we can expect an upward trend again to retest $1074 resistance, so a good moment to buy in.
I go long if bitcoin breaks this triangle upward and makes a higher high. It will then also have to break the 1074$ in order to reach ATH once more.
I'll go short if bitcoin breaks this triangle downward, we might see 1008$ region or even the $950 region depending on the panic sales. After this dump we can expect an upward trend again to retest $1074 resistance, so a good moment to buy in.
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