alirezaark

strong support

Panjang
BITSTAMP:BTCUSD   Bitcoin
here we have three support for bitcoin , first one is the trend line and it might be the third touch, the second one is parallel downtrend channel and the last one is supply zone, of price break this level the next strong level is somewhere near 3000 and the next one is near 2000
the last one is if the price doesn't go up until the end this week we saw bitcoin close below the 200 MA in the weekly time frame for the first time in history
personally I believe that there could be the end of the downtrend but we should wait and don't rush to trade

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