〽️ Bitcoin Downtrend Testing Key Support at $7-8,000 〽️

2 min read

Dear Traders,

Bitcoin is testing the previous bottom which is a key bounce or break spot for cryptocurrencies. A bearish breakout could indicate a downtrend continuation whereas a bullish bounce would be the first higher low since the downtrend started.

 

Whether Bitcoin and other cryptocurrencies are able to break above the current downtred will depend on the price patterns that emerge at the current decision zone with the Support and Resistance levels playing a key role. Check out the video for the full analysis and trade plans on 15-22 March 2018:

  • Technical analysis
  • Review of patterns, trends, key S&R levels
  • Explanation of potentrial trade ideas both up and down
  • Beginner friendly, explaining concepts in more detail

See the video below for all of the details

Good trading,
Chris Svorcik
Elite CurrenSea

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