as seen on my idea, BTC is resisted by MA200, and what next?
1. it will go down to around 6000USD
2. it will slowly goes up and resisted by so many trend lines :D
enjoy, i'll be waiting at 6000USD and see if there's some bullish divergent or not
cyan boxes are weekly resistant/support
green boxes are daily/minor r/s
bullish divergent on MACD is there but i don't think it's going to pop any soon. By seeing the BTC/USD is resisted by the MA200 i don't think the time is here yet. be patient!
what to do?:
1. if you have bought around 0.064, set a tight cut loss
2. if you have bought below 0.057, get ready...
BITSTAMP:BTCUSD two possible moves of BTC/USD. :
1. it will go down to the orange dash line and continue the flag formation
2. forming a head and shoulder .
what to do?:
1. for those who had bought BTC above the orange dash line : limit your loss if it breaks the orange dash line
2. for those who plan to buy , wait or spec buy until it touches orange dash...