BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I have decided to continue Bitcoin analysis. Price indicates continues drop (based on Momentum).
RSI indicates downtrend. If price break trough support level , then we can expect price reach first target (around 11,000). Pat attention to second important level – 11,000. If price gain momentum then we can expect price to reach second target. Currently, RSI showing weak momentum to the upper-side. In other side of this equation, if RSI break resistance level then we can expect rise of the momentum and price should price resistance level and should reach level: 15,462 – 16,000. At this time should refrain from trading until we get clear signal.
Cheers,
Jim
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