Bitcoin short to 5900 double bottom for bounce.

31 Mar 2018

Bitcoin is still in a major bear trend and having broken the major support line from 2015 is going to at least retest the previous low at 5900 where we will most likely bounce in the short term. We are currently at the top of a wedge and a short with tight S/L could be taken here. Continuation will be confirmed if we break the bottom of the wedge and S/L can be moved to 6600.

S/L 7350
Enter 7000
TP1 6050
TP2 4100