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BTCUSD // BTC-E // Let's dig deeper.

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BTCE:BTCUSD   None
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This is based off the similarities in form and RSI to the mid-March rally and dumping we had.

Support levels to break would be 330, 315, 300, 280. Whichever support ends up holding, will define how bullish the market really is. You could probably just each of those dips and sell the bounces.

In case of a serious dump, expect 265 to bring tons of support.
Comment: Called this one a little too early, but the concept is still possible to drive down proportionally from our current $275 level.
Comment: Yep, we're just way too bullish to get a deeper correction yet!

Comments

Pretty straightforward analysis
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