noscopeprofit

Thoughts for BTCUSD for the next 24 Hours

BTCE:BTCUSD   Bitcoin / Dollar
213 2 1
So we bounced off 0.5 instead of 0.618 like I predicted. Depending on movement in the next 3 hours, we'll either break out of the triangle upwards or continue the triangle downwards. I'm more towards the second as it would take major news to break the 650-570 resistance. I've set a buy order for 615 which coincides with a 0.5 retracement, and will (hopefully) sell half of it at 630, keeping the other half in case it breaks out upwards towards 670 before bouncing.
The reality is really close to your prediction, that's nice !
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noscopeprofit valleix007
It's a bit off, and the triangle keeps being extended. We should be seeing a breakout upwards soon as the lower highs are getting higher (the gradient of the slope is increasing, which indicates more demand).
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