Bitcoin - With some luck, we may be out of the darkest woodssteemCreated with Sketch.

in #bitcoin4 years ago

Bitcoin - Going Up
Bitcoin took a beating today, but price is holding up nice right now. Further confirmation of a possible bounds upwards is still needed - I would like to see (Bitstamp) price reaching $9,500 for a positive confirmation - but if the price remains in this region the next few days, we may be able to say (allowing for some slippage) that the trend line indicated in the figure below may act as support for greener zones.

[img][/img]
Figure: trend line held?

Prudence requires to acknowledge the possibility that there is still another leg down coming, if only to confirm the low around $6k-6.5k. But perhaps, just maybe, we are out of the darkest woods now.....

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nice evaluation .. we will see it in the coming days.
thank you my dear friend