Only charts

Bitcoin is currently trading at 3300$ after falling to a low of 3190$ . it is recommended to open long positions from here with take profit at 3950$ and 4150$ . stop loss if bitcoin closes 1h candle below 3300$ . I still believe bitcoin is not a popped bubble.

The first and most popular crypto currency , bitcoin is sliding below the last line of support 6300$ ,now trading at 6170$ . Honestly i was terribly bullish on bitcoin and I was seeing 13000$ as year end target. However that fall from 7500$ to 6200$ is a very bearish sign and there is no sign of even short term recovery. So , the target now would be 3000$ It is recommended to liquidate to tether until it is very clear if we are keeping the slide or recovering again over 7000$.

Technical analysis of #bitcoin shows that it has been stuck in the area between 10k and 11.5k . A break above 11500$ will start a bullish trend and a break below 9700$ will start a bearish trend. So keep those limits in mind. A break above will help it continue to 14000$- 15000$ , while a break below 9700$ will clear the way to 6500$ . So you can long at current area around 10400$ and sell if we break 9700$ with target 1400$ .