#BITCOIN - Finally Some Upward Lines!

As it was expected, the price has broken through the $7900 level and fell down, fixed below the descending level. Oh, poor $BTC..

Now the price is fixing above the $7400 level, which is a bullish sign after all. Moreover, there is a convergence on RSI, it is completely oversold. However, we can't expect a clear upward movements from current points. This is quite possible to see a flat (consolidation) from now.

What should we do now? Look for reversal patterns to go LONG. If the price continues dumping and fixing below the $7400 (strong support now), the possible reversal would be almost canceled. Overall - watch the level, look for reversal signs, that's all. Dump can't last forever.