TimakaFx

BITCOIN SURGE? OR MIND GAMES?

OANDA:BTCUSD   Bitcoin
Hello, the chart below shows bitcoin is still playing mind games in a sideways movement around 28k and 30k. I have found 30165 as a possible resistance through which if bitcoin breaks might go for bullish rallies to about 35k, I have assurance from the inverted head and shoulders pattern that has kept bitcoin within its downward falling channel for quiet a big time.

I will hold steadily and wait for proper market movement around the market supply level for a proper decision though I am looking for a very short term scalp around the resistance if at all price acts accordingly

Penafian

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