joec
Short

Clear longterm (BTC speaking) downtrend.

BTCE:BTCUSD   Bitcoin / Dollar
238 3 1
Looking back at the last month you can see were in a clear BTC downtrend. 2 lower highs, 2 lower lows so far. There is a clear downward pressure from the trend line too. We've tested the .618 fib the last day or two and its looking like we may be unable to hold. If we can't hold above $713 Btc-e in the next day we'll hit that trend line and head down to around 482 to test that low. It may not happen as fast anymore as it seems BTC is getting a little more stable relatively speaking. However, if we CAN hold above the 713 btc-e and break that trend upward then I'll be jumping on for the ride up. Good luck to all!
DeanGoncalves
2 years ago
what happened here though?
Clear longterm (BTC speaking) downtrend.
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DeanGoncalves
2 years ago
It went the opposite way...
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joec PRO
2 years ago
cant always be right :)
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