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XBT (BTC) USD Weekly Long Term Trend (is Long!!)

When all is said and done, BTC is returning back to the support level it was at back in 2016 & 2017 (black line). If BTC respects this level in 2018 then it will drop and recover at 2200-2500. This is also a level where BTC found allot of support/resistance May-July 2017 (yellow line) before the big leg up to 20000. This creates a long term level of confluence which makes it a very strong level.

This my friends will be a screaming buy once the technicals confirm the price is holding.

This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.

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Support and ResistanceTrend Analysis

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