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Long

Bitcoin $58,700 Support

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Bitcoin fell very close to final support in a dramatic sell off. That means there's a potential for it to move in this current uptrend range for a bit before it could eventually hit $58.7k. It's possible there simply aren't enough sellers to get us exactly to support either, but just keep in mind that's your optimal place to buy. This cream uptrend could also be the second best place to buy on the chance it doesn't make it to $58.7k (it's at least likely to be a good short term trade I currently have shorts at the close Friday targeting that trendline). I personally am waiting for it to hit 58.7k before buying. Ethereum still has a bit further to go to $1,530 for support, suggests to me that Bitcoin isn't done falling.

Good luck!

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