JohnBat

Testing recent peaks

Long
JohnBat Updated   
BITSTAMP:BTCUSD   Bitcoin

level 6000 is quite nice. I expect one move down somewhere around 5800-5900 after which we'll see a test of levels from rectangles. All this how far we go depends on your movements so you should react to what is happening.
Comment:
We arrived at the place where the exchange rate has long consolidated around 6600 for a long time. Now after such an increase we need a moment of rebound to around 6200. When in this area we see demand movements, I think that growth is still possible. You have to wait for market reactions
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