Hi guys, another quick update for bitcoin, I just took a screen shot of the current chart for the BTC vs USDT one hour candles from Bittrex.

I see Bitcoin is going to try and fight this blue trend line & I can see that if it's not able to hold it it will go down heavily. This is what always happens when trend lines can't hold the price on bear markets. If it doesn't hold and it indeed goes down, then the final moment of truth will be the red trending line below. If that one doesn't hold either then we can expect a nice long correction.

However if any of the two lines hold that would indicate nice strength for Bitcoin. At this moment I am stil 50-50 for that $4800 level to be the top.

Happy trading xx