Moosa65

A Short-Term Profit May Be Available in BTC/USD...

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COINBASE:BTCUSD   Bitcoin
The price is in a critical point which is marked by the green arrow in the chart. If the price be able to stabilize itself in this area, the red resistance line will be broken which is a confirmation of a short-term upward trend with a target of 8000-8500 as the first target and then, 9500-9700 as the second target. It should be noticed that the dominant mid-term trend is bearish and this upward movement couldn't pass the previous high, i.e. 10k (take a look on my previous idea which is linked below). The second important point is that the price have struggled by this resistance line several times before and couldn't break it out. Thus, don't hurry to buy and sell by the first bearish sign...
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