ItsAboutSharing

Breakdown out of Triangle, 3 lower highs and 2 lower lows...

MTGOX:BTCUSD   Bitcoin
1
Not sure what to make of things as those whale buyers caught me by surprise after that last down move to $65. But, we are still making lower highs and lower lows after breaking out and down of the triangle. If we don't break out and up, then I suspect we will test new lows (sooner). If we do break up and out, I still think we will test new lows but not right away. Long term bull who just thinks the correction is not over yet. We need to hit $30-$50 ish imo and then we can go off to the races.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.