philipvdlinde

Possible reversal incoming

BITFINEX:BTCUSD   Bitcoin / Dollar
In the next few days btc will have the opportunity to initate a reversal from last week's downtrend. However, I do think that we will reach the 272-265 area prior to reversal. It's also possible for prices to go a tiny bit lower into the 265-262 area to fuck around with stops, it's in that area where it's most likely for a reveral to form. A run to 300+ might then a very likely scenario. If price decides to go lower than this level (265-262) than we might consider prices falling to the 259-252 area. It all depends on next week's price action. I am just here to lay out the possiblities for future trades.
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