Alireza_ITS

BTC - Possible Reversal Point

Long
Alireza_ITS Updated   
BITSTAMP:BTCUSD   Bitcoin
Bitcoin has reached a critical point where it can make a bigger correction or move back up.

Confluences:

• Price has reached a level where it has completed an ab=cd pattern;
• 3-touch trendline confluence;
• Bullish divergence on multiple timeframes.

If the tides turn: Target 1: 23.000$
Target 2: 32000$

If we break below 8.7k, than hold tight.

- Nepjipmoktusem -
Comment:
We are at 8.7k: its either going to make, or break.

We have a fully completed ab=cd right now, currently sitting at 8.7k

There are enough confluences which make me believe we might turn; time will tell

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