Trend might just have reversed for #bitcoin #btc $btc

31 Jul 2019

Bear inside of me is getting crushed by the bulls with this recent price action where bitcoin already broke two crucial trend lines that has been holding the price on a specific range - in my opinion - and is now facing the third one. First one of these is the very steep one connecting the three peaks together from where the price always saw more downside movement. Second one is this huge descending triangle that has been developing more than a month now which is connecting the shoulders of both iH&S together and has also been important support at the same where the price has bounced earlier (except the head parts). This moment where we are right now *could be a spot* for bitcoin to perform a small pullback and because of that there *could be a good entry point* as well for long position on top of this descending triangle around 9500 area. Never boring with this asset. Oh, and to mention about alt season everybody has been waiting for some time already could see some more delay for sure. Never understood somebody to be heavily loaded on replicants hoping for crazy gains and this seem to not make it any easier if the trend really is up from here middle term.