So we finally broke down out of that triangle... it was very near the APEX which is where false breakouts are more likely to occur, Everything is on track right now, but I have drawn up my area of concern.
Comments
DeanGoncalves
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many are saying...the last of the drop is upon us..and now it will go upwards...probably wont hit the 790 tange . thats BTC-e prices by the way..
TheChasm
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Yes, BTCE prices and I am aware many people feel we will go up. I'm one of few.
DeanGoncalves
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Is your feeling it will drop in the 790 range, and then shoot back upwards trend?
TheChasm
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Well I have those lines there for a reason as they are key price levels and it seems the price has bounced in between them. We grazed my area of concern but didn't break through. I don't have strong feelings of where the price will go in the next day, but I can see it coming down to test 780 area again. We will be down to at least 700 sometime in the future