I don't draw many trendlines, I think we will are due for a bounce. Just a bounce, not a trend reversal. I think 1440 is a reasonable target in the next few days. Again, the trend is down. Remember I did an analysis where BTC market was up 5 days in a row? What happened was a short pullback before continuing to climb to 300, 15% gain. This downtrend printed 5 consecutive red days, I have not done the backtest yet, but strong momentum downwards don't reverse that easily.
ibankbitcoins.com/bt...consecutive-days-row
ibankbitcoins.com/bt...w-far-will-we-bounce
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ibankbitcoins.com/bt...consecutive-days-row
ibankbitcoins.com/bt...w-far-will-we-bounce
Follow me on my bitcoin trading blog and twitter: http://www.ibankbitcoins.com, www.twitter.com/ibankbitcoins
My bitcoin trading performance: ibankbitcoins.com/bi...in-trade-performance
Bitcoin trading and reference guide: ibankbitcoins.com/bt...itcoin-trading-guide