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olivernash

BTCUSD consolidating. Waiting for a genuine breakout...

Bitcoin (BITSTAMP:BTCUSD)  
olivernash Updated   
BITSTAMP:BTCUSD   Bitcoin
Support and Resistance Trend Lines
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supportandresistance trendline
Whichever way you look at it, Bitcoin seems to be consolidating. Seems like we just wait for a breakout signal to learn which way it will go.
Comment:
Certainly looks like a breakout, but I do not think the direction is certain until the panic selling fades and the big money players move. Watching the 1 and 5 minute charts to see if this is a sustained breakout downwards, a spring before an upthrust, or just a slight change in trend direction...

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