FXHighway
Short

BTC on the way to resume decline

BITSTAMP:BTCUSD   Bitcoin / Dollar
250 6 4
Bitcoin price found solid resistance at the correctional bearish trend line, bouncing negatively, and forming a potential intraday double top formation , this pattern could be the motive to push the price for more bearish actions in the upcoming period.

Next targets will be 550.00 again, followed by 496.80

Breaching above 590.00 will bring the key to escape the current bearish correctional bias.
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usaoscoin40
2 years ago
spot on, this is going down the tubes after the bump and run we just had (a simple ploy to get bitcoiners at the san fran conference to buy in higher)
Reply
FXHighway usaoscoin40
2 years ago
A point to consider :)
Reply
usaoscoin40 FXHighway
2 years ago
it's easy money, hype it up at a conference, get the losers to buy in high, then turn them into bag holders
Reply
FXHighway usaoscoin40
2 years ago
Sure it is , especially when its an easy-to-control market to those guys ,, they can control prices the way they want ...
Reply
FlaviusTodorius
2 years ago
I disagree. We won't test 496, maybe not even 550.

Bullish trend reversal is imminent, just the same as in July 2013. The pattern is very similar.
1d MACD about to cross, bullish wedge forming.

Good luck guys, waiting for your cheap coins. Like the people that waited for cheap sub 70$ coins in July last year, which never
came to be.
Reply
FXHighway FlaviusTodorius
2 years ago
No need to wait my friend ,, once we get a breach , forecast moves higher to resume the main bullish trend ..
All the current decline is considered as temporarily correction waiting to rebound from some point
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