ManishArora
Short

Bitcoin Where we are heading

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We have broken the red symmetrical triangle of indecision and entered a bear phase only thing that can stop this downfall temporary is the yellow downtrend line.

We will have some good support at 5200-5400 levels on yellow line, which would start a possible rally to 7100-7200

7100-7200 levels have strong resistance, long term view is of 3500-4500

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