TWIMARKETCAP

BITCOIN STILL ON A DOWNTREND UNLESS...

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BITCOIN STILL ON A DOWNTREND UNLESS... it breaks the downtrend channel (green color), otherwise I see a bear flag and a double. top forming towards 0.616 fib.

BTCUSD .

Good luck

Comments

why 6000?
+1 Reply
TWIMARKETCAP MartinSchnellmann
@MartinSchnellmann, 0.618 Fibonacci retracement, plus is an important support area. So, probably will test that area.
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here is what I have on btcusd after my MTA
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TWIMARKETCAP transparent-fx
@transparent-fx, you said that it will break the downtrend, it is possible too!
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