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Veneficus

Trendline Support and Resistance

Bitcoin (BITSTAMP:BTCUSD)  
Veneficus Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns
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trendanalysis chartpattern
Bitcoin fell from bullish trend line support, to bearish trend line support. With 12-hour stochs falling and daily stochs losing momentum, this likely indicates that price is headed downward.
Comment:
While 12-hour stochs pointing down and daily stochs beginning to turn is a bearish sign, the 2-day and lower time frames could provide bitcoin momentum for another leg up.
The 2-Day close and 4-hour will be major deciding factors.
Comment:
Bitcoin's two-day time frame turned up and there is bullish divergence on a two-hour time frame. It's possible price gets another push up.
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