unfathomableman

BTC Consolidsation period before breakout

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We're looking at what might be a consolidation for BTC until either a bearish or bullish breakout, the tug of war is never ending. If however we see a bearish movement, expect to see drops down to the 6k to 7k area, which would provide a nice buy-in zone. If we see some bullish movement we could be looking at a 10k-ish target area or now.
Comment: While typing the commentary we so some testing of the support line. If it confirms my bearish comment is still valid.
Comment: We saw* (sorry for typo)
Comment: Bearish breakout confirmed!

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