Market update for Friday. 8/29/2014. Have a good weekend.

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
Update before the weekend. We are now in consolidation inside of a triangle. This is more clear on the daily, volume has dried up , price action is choppy. We are waiting for this one to settle and breakout either up or down. My bet is down because trend is down. But the possibly of a retest to 550 or so is possible and likely. Have a good weekend.

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