Since late June, BITCOIN has been experiencing a series of "Higher Lows" every time it decided to fall down.

As you can imagine, to get "Higher Lows" would indicate that the recovery of the market would be approaching.

Actually, "Higher Lows" Trendline is just one of the important few conditions to be accomplished in order to declare a reversal upwards.

The other important one is, as you can easily guess, to get a series of "Higher Highs" in comparison with the last "highs".

The first we have got at least 5 times during the past 5 months, the second...actually never...


![](https://cdn.steemitimages.com/DQmXXYaSSvUhogWeaFkQ4wcLweSWDSsmUsKoapQ9KcLVbQE/image.png)

What I want to tell you now is that, right now, BITCOIN is supported by the trendline formed by these past "Higher Lows".

![](https://cdn.steemitimages.com/DQmTPb49WbzUcY46xTx5JpQTv2jv3bBBZmTdVcKD4zvNYXm/image.png)


This inclined ground seems solid enough to withstand the pressure of the BEARS till now, also the Stochastic and RSI indicators seems to show a good rebounding status to avoid the fall but, if eventually this support is broken by the BEARS we may see an acceleration of the fall bringing BITCOIN  just below 5900 USD, which is another historical long term support.

Hope we see just a continuation of the Higher Lows Trendline because in negative case, this Market "agony" will be much longer...

@toofasteddie

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**Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself  is responsible of any of your profit/losses obtained as a result of this information.*

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