BITFINEX:BTCUSD   Bitcoin / Dollar
Daily Chart

1. previous support area , check the box
2. 200 SMA
3. Fibonacci Support level
4. Main upward channel that the whole movement started from
5. Trendline on the lower side of the channel

Oversold on the RSI with divergence

Against: Momentum is steep

Await confirmation through price action
Zoom in 4 hours for timing of entry

but the expectation is
6 to 7 K area should see Bulls Stepping back in

Please trade your own taste

That is my opinion and not a trade advise
Kommentar: The Fork in play
Kommentar: Volumes on the 4 hourly chart are significantly higher than average

Accumulation started

Kommentar: Could it be our good box, the close of the daily bar above 7k is significant
Trade ist aktiv: and this small tight range bar with very high volume is Scary
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