ninjabenja
Short

Bitstamp: slow motion roll-over

BITSTAMP:BTCUSD   Bitcoin / Dollar
466 0 4
My previous chart targets were set with the expectation that price would have much more momentum returning to the >430 range. That has proven not to be the case. All signs point to that we *could* break out... yet we don't. And now we're hung up on the low end of a previous trend channel.

As long as we stay below that purple channel line- my short term target is just above 430; where we could expect to see a bounce off the red trendline for a quick profit before continuing lower. (expanded view of the trend channel: https://www.tradingview.com/x/fRzhGJGo/)
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