BTC -Downtrend support line broken - Head Fake - Bottom done ?

Hello all,

The long term downtrend support line has been broken yesterday during some hours but it was a Head Fake :

What is the meaning of a Head Fake ? It means in that case that we started to break the support line, but that the sellers didn't have enough engagement to continue the move and so the buyers came back powerfully.

I like this kind of move because it can be a good indicator that we will go in the other direction and so in that case, that a bounce is expected and coming.

Is the Bottom done?
It is possible but still too earlier to be sure. We need now to see several UP like I drawn you on the chart in green. If we stop already the UP now and go back test the downtrend support line again, the sellers could win and break it really with a nice volume.

I wish you massive profits,
Cryptopassion.io

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