BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The Gann fan from last two historical top and bottom shows we broke the 4/1 angle and we will be heading next to the 8/1 resistance, somewhere around 600. However, the buying force has shown signs of weakness and it's possible that we are headed for a few weeks of downtrend where we could even visit the 4/1 that's become now the support.
William's R and money flow both show overbought conditions.
Trade closed: target reached: Evaluating on starting a new round of short.
We just broke the 8/1 and we are now closing above 650, this angle looks now like a solid support.
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Agreed.
+1 Reply
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