Trend is about to being tested on BTC..
As it's well visible from the graph, the downtrend is dominant in this motion.
However, as previously said, the big support in the 3.000$ area is about to act as a recovery start.
In addition, there is a high chance to test the mid-term downtrend line, actually sitting at 3900.
We strongly suggest not to do any action at this current prices, but a long from the 3200/3300 area up to the 3800 area could be a smart move.
Of course, you should close the position in case the 3000$ support doesn't hold, and increase the size if we break 3.900$ resistance
Happy trading
BFCM
However, as previously said, the big support in the 3.000$ area is about to act as a recovery start.
In addition, there is a high chance to test the mid-term downtrend line, actually sitting at 3900.
We strongly suggest not to do any action at this current prices, but a long from the 3200/3300 area up to the 3800 area could be a smart move.
Of course, you should close the position in case the 3000$ support doesn't hold, and increase the size if we break 3.900$ resistance
Happy trading
BFCM
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