BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
463 3
Idea in the chart.
Nice chart. I have a question though. What makes you expect to breakt through the 933 resistance level after a bounce off the 830 support level? Or is this less of a prediction and more of a "this is one possibility" type deal?
BTCMarket LocalBTC
@LocalBTC, You would enter at 830 because it offers a good risk / reward entry as it's close to support e.g buy low, sell high. However this chart is most likely bust now as if you look on the daily chart price spent days consolidating near 900 which means it would in most cases rally higher.

I'm working from this chart at the moment which translated means I would be surprised if price didn't rally past 930 into 950/1000

BTCMarket BTCMarket
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