BTC/USD (Support Found?)

💎Technical Analysis Summary💎


BITSTAMP: BTCUSD


-Bitcoin found support at the previous resistance area around 16.5k-16.2k dollars
-It also formed a double bottom retested the recent support twice
-The price started moving higher and it is now challenging the 0.5 Fib resistance
-This is crucial for BTC if the Bulls wants to continue higher and remain bullish
-Bitcoin has to break above and hold the area of 0.5 Fib level
-If it can maintain around 18k dollars for at least 1-3 days
-We can increase the probability to retest the recent swing top at 19.5k dollars
-We are only talking about probabilities in every price action we can see
-Always plan your trade and follow proper risk management




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Trade closed: target reached