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Well as could be seen in the bitcoin was boxing between the trend line that took a while ago and the 50 period exponential moving average which would decide the direction of where I would go to find the new points but from my point of view was quite sung and said that possible mind would break in a bearish way since I reached to touch it 2 times and neither of them could break it by taking the bearish channel how impressive was that not only broke the trend line that it was leading but it was also so strong the drop that came to the exponential mobile line of 100 and had a little support from it but it was not so much that I also managed to break it with enough force.

image of the day 07/05/2018

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image of the day 08/05/2018

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movement prediction

As you can see in the picture the bitcoin had a good rebound at present in the support 1 of the pivot points and having a small setback although in the same way it is not possible to be sure that it reached its end of the bearish channel but be aware that another small downturn or breakdown of this support and could be quite down but for this to happen is quite difficult as this is an old support which was before a strong resistance and very close to this is the moving average of 200 which can also serve of support for which counting the support that currently has 3 support in which the bitcoin could bounce with force in the same way it is advisable to wait and see how the next movements will occur although from my point of view this will take a good bounce and Seeing it also because of the fact that the volumes are also increasing without more than saying thank you for reading my post and I hope that you have been helpful.

important:Remember, I am not a financial advisor or anything like that. the information I provide is information given according to my analysis that is given so that people can get an idea of how the cryptocurrency market is going.