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Augustus_Lee7

BITCOIN: Continuing to Consolidate

Bitcoin (BITSTAMP:BTCUSD)  
Augustus_Lee7  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Harmonic Patterns Cryptocurrency crypto cryptotrading cryptotrader Bitcoin (Cryptocurrency) bitcoinforecast BTCUSD BTC bitcoinprice
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trendanalysis chartpattern harmonicpatterns cryptocurrency crypto cryptotrading cryptotrader bitcoin bitcoinforecast btcusd btc bitcoinprice
Situation 1 (orange): If support (A) holds, price should break upward after consolidation meets resistance (B)

Situation 2 (green): If price breaks support (A) it should catch on support (B) then consolidate before breaking upward through resistance (1)

Regardless of the outcome, I dont see bitcoin falling past the $6,400 range. Still Bullish
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