oldstout
Short

Fakeout then Breakdown? Eu BTC terrorists FUD?

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
Details at chart.
Looks like we're going down from triangle with nice fakeout 18th.
If price won't come back above triangle upper trendline soon, targets would be at .618-1 fibo retrace.
If breakdown is not fake, upper triangle trendline should act now like a resistance.
Chart suggesting SHORT sentiment but it can go back up soon or go sideways without any clear trend.
Anyway some FUD about terrorists and BTC is typical short information especially after mini bubble 500$, weak bounces and many sideways days.

Good luck!
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