austinmfcoats

BTCUSD: Trade Idea

austinmfcoats Updated   
BITSTAMP:BTCUSD   Bitcoin
Bitcoin to retest the top trend line over the next few days. If bitcoin can break the 16k resistance, I think we will have a good chance to retesting the all time highs. If bitcoin fails to break the resistance, it should find support at the bottom of the trendline. If major support breaks at 14k, bitcoin will probably fall down to its original support at 12.8k.

Personally i do not see bitcoin going into the single digits anymore like many people are claiming. If ripple was to overtake bitcoin though, anything is possible.
Comment:
Bitcoin is currently sitting at the 16k level. Place orders when bitcoin breaks the resistance.

If it cannot break the resistance, it will drop down to the 15k level.
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