Akoben

BTC Descision time

BITSTAMP:BTCUSD   Bitcoin
We've lost some steam recently with bitcoin coming dangerously close (touching!) the parabolic trend that we don't want to see broken just yet. We had a nice bounce @ ~ 10500 which nicely corresponds to the .6 fib level, so we may see a more bullish uptrend form in the next few days when the wedge is broken. Keep an eye out and make sure to have stop-losses in place if your trading this upcoming move.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.