LeMogwai
Short

Approaching key levels, bull trend line vs clouds resistance

BITFINEX:BTCUSD   Bitcoin / Dollar
756 1 11
As we can see on the graph, the price touched the trend line coming straight from $166, on chinese exchange this trend line has be broken but the price is trying to bounce back on.

Resistance is forming and $248 appears to be the key levels to break for the bulls.

I advice you to stay out of the market while price is in this area and to wait for a break out one way or the other.

I personally think about a bearish outcome but i m ready for both.
Better be ready for both. My last two bear scenarios failed so far.
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