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Break Out Either Long or Short - Hedge Your Positions

BTCE:BTCUSD   Bitcoin / U.S. Dollar
The long downwards trend over the past few months.. seems to be consolidating between the support and resistance of $210 and $290 USD...

Either the Market is going to keep Trending Down to Breakout past the $200 level or do a break out above the $300 resistance level to a possible long term retracement..

Comment: 2 years ago I posted this Chart bitcoin ended up doing a long term retracement to the $1300 USD on the 3rd March 2017...
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