cryptoGats

Is BTC headed down?

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BITSTAMP:BTCUSD   Bitcoin
No, not until it violates the secondary trendline here in pink. BTC is still on an uptrend and it is important to understand that we need healthy pullbacks once in a while. There is also a golden cross in the 3-day timeframe that should help BTC get to that 15.5k place it wants to go to. The grind to the top of that triangle should be choppy and slow, but an up move none the less. Also on the 1D (One-day timeframe), we are still above the 50MA (50 moving average.) Follow me and stay updated to the BTC volatility.

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