deanmikan
Long

Most likely upwards from here

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC was in trouble yesterday when it battled the major support yet it had some huge buy volume that launched it above local resistance and on-wards, pulling it out of the red zone. Most likely it will push up to the major resistance now and just cross our fingers this time it breaks through, because if it does then it has little heavy resistance till 20k.

On the other hand, if it sees a fall down through the major support in the next couple days, I believe it will free-fall and not find a concrete bottom till at least 4k.

Good luck trading.
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