BTC- Can the Bull beat the Bear? I think so!

Feb 28, 2018

Starting with the dotted blue trend line. This is currently our resistance line but is forming up to bounce above it, making it our new support line. The reason why I think this will hold, is the cross of the trend line meeting the 20 and 50 day SMA lines (blue circle). On top of this it is currently in a H&S. If we can bounce here, the .382 fib @ 11.3k will be the next test. After that we should move right on up to the .5 fib @ 13k. I think this will prove to be a hard resistance to pass.

*This is not investment advice, just education*

Good Luck!