Hey guys, too bad Bitcoin bounced at the log resistance, i had hopes for a new bull run. I have been watching the downtrend since and now there is a possible scenario for reversal.
* Retracing and hitting the Fibs quite nicely
* HItting a horizontal support
* Just piercing the 4H Tenkan
* Just piercing the Kumo cloud
* Hitting the longer uptrend support
If Bitcoin bounces from here and we get some decent volume, I think It'll try to go for the log once more. Maybe I am just a little too hopefull.
Happpy trading!
* Retracing and hitting the Fibs quite nicely
* HItting a horizontal support
* Just piercing the 4H Tenkan
* Just piercing the Kumo cloud
* Hitting the longer uptrend support
If Bitcoin bounces from here and we get some decent volume, I think It'll try to go for the log once more. Maybe I am just a little too hopefull.
Happpy trading!
