Pivot Resistance still alive: 680$ is still the level to watch!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
943 2 41
680$ - this is still the Level to watch! Trading below that Level indicates a bearish momentum - Trading above 680 will brighten the Chart, the main uptrend can possibly be resumed

At the Moment, we have four Trends:

- Midterm downtrend: red 1-2-3 counting: As Long btcusd             are trading below 680$, this trend is dominant. Further downwaves can be exspected
- Midterm uptrend: big green 1-2-3 counting - This counting is valid as Long btcusd             are trading above 608$
- Shortterm downtrend: orange 1-2-3 counting - should btcusd             trade below the last valid orange "2" the next shortsignal appears --> tp could be 580$
- Ultrashortterm uptrend: small green 1-2-3 counting : This counting is valid as Long btcusd             are trading above 622$
. SHould btcusd             trade above the last valid "2" the tp could be 680$

Here is the Explanation for this simplified style of counting

Former Analysis:
The holy Fibo 61,8%

Trying to catch the correction of the correction?

Longterm resistance turned into support?

New shortterm "3"?

A flag -is that true?


Explosion ahead?

Comment: The counting has to be adjusted. The Little green and the orange Counts are no longer valid
Comment: Btcusd hast reached THE CENTRAL ACTION POINT at 680! Trade preparation...long above 680...short below
Very nice. Great work as always. We will chop a bit under the 682 evel. Then up through in classic acsending triangle fashion.
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