yanbuchanan
Long

Further Consolidation - Bullish

BITFINEX:BTCUSD   Bitcoin / Dollar
Further consolidation of BTC             may give us enough steam to break 14k             and take us to 17k (where I will be probing a short). Current trend is neutral until we see a confirmed direction. I am however bullish because a breakdown of 10200 would have happened with Jap. exchange hack or all this USDT FUD (which btw             happens every few months) no need to worry...

Closer we get to the major 14k             trendline , the easier it will be to breach. This appears to be a very probable bullish scenario.

On the other hand, if we see a clear breakdown of 10200, we may see $7500-$8500 (where I will be dip buying with size) - this to me is a less likely scenario however.

Not financial advise, just speaking from experience and personal opinion.

Comment your ideas below, would love to hear some thoughts
Kommentar: 50 Day MA (moving average) and 200 Day MA just crossed....

Last time that happened was in April...

We all know what happened after....

The New UPTREND is in the making
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