[ Trading ] Bitcoin bear break, but Bulls pull it back

in trading •  3 months ago

Last night we saw a break to the down side and we touched $6252 on Bitstamp. This is not what I wanted to see. I bear break below $6300. But then we saw a nice bounce to $6472, but we still cannot break $6600.

The Bulls will have to wait a bit longer now until all the bulls show up and push above $6600.

Will $6252 be the lower high? If not, we are going to test $6000 again. ☹

Here is Dan from the Chart Guys with his views.

Do you think we will go higher or lower from here?

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Sort Order:  

Bears still have control

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Looks like it. Lets wait and see.

But I can see the bulls coming this time to stay

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I hope so.

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It is about time. How do we know that?

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I think this ETF issue is having a great effect on the market, and have been responsible for stopping our bulls