BTC - Reversal in Progress

in #bitcoin5 years ago

Hello all,

Here is the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

So the correction lasted most of the day and we are now experiencing the reversal of the correction. Let's see if we will be able to break the MMA50 (pink mobile line) or if we will continue the drop in some hours. We are in the middle of the 2 blue line so giving a direction right now is a little bit complicated. We need to wait a little bit and see how it will progress.

I wish you massive profits,
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Looks like Bitcoin is consolidating above Blue Chart long term down trendline - it may still retest it from above but it looks like the long term down trend is over finally !!!!!

Yeah normally, we are in a long trend UP now, at least if the correction doesn't continue lower

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