TrendFather

BTC global trade idea

BITFINEX:BTCUSD   Bitcoin
Globally picture:
1) Growth in the near future to 9500, after which we break through the flat zone and automatically go to 10800 - 11300. After that we will look at volumes, if they are above average, then the breakdown of the extremum trend is 100% and the growth will be at least 13500.
2) Rollback to the lower border of the flat channel 7400, after which we most likely break through it and go to 5900-6000, there is an iron support level that cannot be broken. And after the rebound and instant growth during the week to 9500.

Since the MA50 is about to break through the MA200, this is a bad sign. When breaking through, there will be a downward trend (global), and changing it within a couple of days will be very difficult.
As you can see from the history of MA200, it was resistance, the time has come for support. This is likely to happen when the MA50 is broken below. Then the support from the MA200 is relevant.
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