MoonTrader

Bullish pressure building?

BITFINEX:BTCUSD   Bitcoin / Dollar
The market has been stuck in consolidation since the high of $315, and now we are waiting for another breakout in either direction. Although I'm not taking any trades until one of these two levels is broken, I think it is probable that we will test $280 resistance again, if not break through it.
I think we'll reach around $290 before we headed lower ($200-$230 as a shortterm bottom)
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MoonTrader HenrikLolsor
Interesting. I don't see any significant resistance around $290.
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Hopefully tonight (I'm in France).
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