Bitcoin .... Higher Low and off we go!

I don't trade Bitcoin itself, but I always chart it, because it helps me know what the rest of the market is doing, and I believe it's finishing wave 4, and then heading down to test resistance levels. We have a bounce at around $9280 but will it hold, BITCOIN like to test that really it still has what it takes and it has the support of the bulls so will give it a few touches before breaking lower.

My thoughts are, if BTC breaks the $9200 level it will then test lower at around $8800.

And as a lot of analysts are saying the Head & Shoulders pattern will be taking nice shape.

So I hope this helps! Please let me know if you think it has!

Happy Trading

LNE

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...