tommyjones91
Short

UPDATE ON PREVIOUS BTCUSD BITCOIN PRICE AT DESCENDING TREND LINE

BTCE:BTCUSD   Bitcoin / U.S. Dollar
FURTHER FROM MY PREVIOUS POST PRICE ACTION HAS REACHED THE DESCENDING TREND LINE ON THE DAILY CHART , ALTHOUGH THIS FORMS A HIGHER HIGH IN THE BEAR TREND OF THE LAST FEW WEEKS MY BIAS IS TOWARDS A SHORT (IN KEEPING WITH A BULLISH DOLLAR) I WILL BE LOOKING FOR A LIKELY REVERSAL AND A SHORT TRADE TARGETING THE SUPPORT AT THE 211 AREA.
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